US Yields Surge to 24-Year Highs Amid Strong Data and Rising Oil Prices
Longer-dated US Treasury yields reached multi-decade highs on Thursday, driven by persistent selling pressure following recent economic data releases. The rise in oil prices further fueled inflation concerns, contributing to the upward pressure on yields.
Longer-dated US Treasury yields climbed to their highest levels in decades on Thursday as recent economic data gave investors little reason to stop selling bonds, while rising oil prices added to inflation concerns. After posting their biggest quarterly advance since 1994, the yield on…