US Treasury Yield Hits 2-Decade High Amid Iran Conflict and Inflation Pressures

The US 10-year Treasury yield has reached its highest level since July 2007, climbing to 5.041% as concerns over inflation and borrowing costs grow.

This increase is driven by rising crude oil prices, which have bolstered expectations for a Federal Reserve rate hike on Wednesday.

Elevated crude prices have found support from the US-Iran conflict, with Brent crude futures briefly touching $110 per barrel earlier this week.

The 10-year yield has surpassed its previous high of around 5% in the last session, raising concerns over borrowing costs for corporates and businesses amid ongoing inflation pressures.