Treasury Yields Reach Multi-Decade Highs Amid Inflation Concerns

US Treasury yields reached multi-decade highs on Friday, despite a decline in oil prices. The 10-year Treasury yield rose to 5.217%, its highest level since 2007, while the 30-year bond yield hit 5.5252%, its highest since 2004.

The increase in yields is attributed to persistent worries about higher inflation, despite some relief from easing oil prices. The market remains concerned about a potential disruption of global energy supplies due to tensions between the US and Iran.

Global equities were relatively stable, with major indices such as the Dow Jones Industrial Average and S&P 500 posting moderate gains. However, the dollar strengthened against most currencies, driven by expectations for further Federal Reserve interest rate hikes.