Global bond yields hit multiyear highs as oil drives inflation fears
Global bond markets stayed under pressure as surging oil prices pushed yields to multiyear highs. The U.S. 10-year Treasury yield traded as high as 4.921% Thursday, its highest intraday level since October 2023.
Global bond markets stayed under pressure as a jump in oil prices pushed yields to multiyear highs. S. S. oil prices topped $100 a barrel.