U.S. 10-Year Treasury Yield Hits 5.012%, Highest Intraday Level Since 2007, as Oil Surge Fuels...

U.S. 10-Year Treasury Yield Hits 5.012%, Highest Intraday Level Since 2007, as Oil Surge Fuels Inflation FearsWSJ data showed the U.S. 10-year Treasury yield rose as high as 5.012% on Monday, its highest intraday level since 2007, as rising oil prices intensified inflation concerns and fueled a selloff in Treasurys. Brent crude briefly approached $110 a barrel amid heightened Middle East tensions. The Nasdaq fell about 1% in early trading as AI safety concerns weighed on technology stocks, while investors awaited the Federal Reserve’s rate decision on Wednesday.

Source: Wu Blockchain