Treasury yields steady as traders await consumer inflation data amid oil price pressure
Treasurys steadied Friday after surging to multiyear highs, as investors await more economic data.
Treasury yields have surged to near 5%, the highest level in nearly two decades, due to mounting inflation fears triggered by the Iran War and US trade policies. This sell-off in global bonds has led to a decline in Asian and Australian bonds, suggesting that the Treasury Secretary's efforts to stabilize the market have been ineffective.
The Financial Times has pointed out that these moves have raised concerns about the US acting like a borrower in distress. Traders are anticipating that inflation rates will stay elevated for an extended period, causing global political instability.
Brief written by urgent.news from Semafor's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
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