Treasury yields rise toward 5% on hotter inflation pressures
Disappointing wholesale-inflation data pushed benchmark 10-year yields closer to the key 5% level. Oil prices were also at their highest levels in months, alongside the move.
Oil prices were at their highest levels in months, and disappointing wholesale inflation data pushed benchmark 10-year yields closer to the key 5% level. Treasury Secretary Scott Bessent speaks at the 2026 Republican National Convention on Sept. 9. The Trump administration is tryi…