From mint · · 50s
Treasuries Drop on Inflation Fears
Energy costs keep inflation worries high, pushing Treasury yields higher.
In brief
Energy costs keep inflation worries high, pushing Treasury yields higher. Rising energy costs and inflation fears boosted Treasury yields as investors expect more Federal Reserve rate hikes. Originally reported by mint.
Treasuries slip
Treasuries slipped at the end of the week as still-elevated energy costs stoked concern about inflation and backed expectations for further Federal Reserve interest-rate increases.
Yields rise
Two-year yields rose four basis points to 4.79% while 10-year yields climbed to 5.25%.
Market reaction
Investors sold global long-dated debt as rising inflation from Iran war and ballooning deficits fueled bearish sentiment.
Brent crude
Brent crude fluctuated around $104 a barrel after Trump vowed to hold off on attacking Iran until after US midterms.
In short
Rising energy costs and inflation fears boosted Treasury yields as investors expect more Federal Reserve rate hikes.
