Treasuries-US yields rise to nearly three-year high on inflation fears
TLT•Global bond markets also weaken
Yields in developed markets around the globe surged on inflation worries, the outlook for monetary tightening and worsening fiscal conditions.
U.S. Treasury yields rise on inflation fears
SINGAPORE, Sept. 2 (Reuters) - U.S. Treasury yields rose on Wednesday to their highest since late 2023 as the most serious escalation in weeks in the U.S.-Iran conflict sent oil prices higher, fanning inflation fears that rattled global bond markets.
The yield on 10-year Treasury notes rose to 4.81%, the highest since November 2023. The yield on the 30-year Treasury bond was up 2 basis points at 5.287%.
Brent crude futures rose 2% to $96.52 per barrel, after gaining nearly 6% in the previous session on rising concerns over supply disruptions after the U.S. and Iran exchanged strikes overnight.
