US bond selloff resumes as 10- and 30-year yields hit 24-year highs
US Treasuries saw renewed selling pressure, pushing 10-year and 30-year yields to fresh 24-year highs amid higher oil prices above $100.
US Treasuries faced fresh selling pressure on Wednesday, pushing yields on the benchmark 10-year note and 30-year bond to new 24-year highs. The move came as oil prices climbed above $100, reviving concerns that inflation could prove more persistent than expected.