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US Treasury yields climbed to 24-year highs amid growing concerns over persistent, energy-driven inflation that could prompt tighter monetary policy. At the time of writing, the 10-year Treasury yield rose to 5.33%, while the 30-year yield reached 5.67%.
The US 10-year Treasury yield traded near 5.3% on Thursday, while the 30-year yield stood around 5.64%, with both reaching their highest levels since 2002 amid concerns that persistent energy-driven inflation could prompt tighter monetary policy.Deteriorating fiscal conditions, growing US governmen…
Hotter factory price pressures and a 2% jump in Brent crude kept bond sellers in charge as the 10-year touched 5.34%.