- NEWS Desk Global
INVESTORS BRACE FOR 5% TREASURY YIELDS AS US INFLATION WORRIES MOUNT
As concerns about U.S. inflation continue to mount, some investors are bracing themselves for the possibility that the yield on the 10-year U.S. Treasury note could surpass the 16-year high of 5% reached last October.
Bond yields have been on the rise in recent weeks, driven by indications of ongoing inflation that have tempered expectations for the Federal Reserve's ability to reduce interest rates without exacerbating inflationary pressures. The yield on the benchmark 10-year note has increased by 80 basis points since the beginning of the year and currently sits at 4.70%, marking a five-month high.