US 10-Year Yield Hits 4.84% Amid Fiscal Tensions

US Treasury yields have accelerated to multi-year highs, with the 10-year benchmark hitting 4.938% after oil prices crossed $100 a barrel. This sharp rise, driven by Middle East tensions and inflation fears, has pushed the 30-year yield above 5.34% despite a strong bond auction.
Per GN auto markets/bonds: treasury yields, the 10-year note has actually surged to 4.938%, a new peak since November 2023, driven by crude oil reclaiming the $100 mark and geopolitical risks in the Middle East. This escalation pushes the 30-year yield above 5.34% and the 2-year to 4.56%, as traders weigh the inflationary impact of elevated energy costs over the recently released wholesale price data.
Source: GN auto markets/bonds: treasury yieldsThe US 10-year Treasury yield reached 4.84%, its highest level since October 2023, as investors rejected recent Treasury buyback measures.
Source: GN auto markets/bonds: bond market






