Forex
US Treasury Yield Hits Fresh 19-Year High on Strong Inflation Expectations
The US Treasury yield has reached a fresh 19-year high after rising sharply on Monday.
This increase follows strong expectations that the Federal Reserve will continue normalizing monetary policy in the United States.
Oil prices jumped more than 4% at the start of the week, fueling concerns over increasing inflationary pressures on Federal Reserve policymakers and strengthening expectations for a US interest rate hike in October.