US Treasury Yields Near 20-Year Peaks as Dollar Strengthens Amid Inflation Pressures

The past week saw significant movements in US Treasury yields and the Dollar Index.

30-year U.S. Treasury yields hovered around 5.6%, while the 10-year yield rose to 5.3% and 2-year yields settled at 4.8%

A weak nonfarm payroll data initially spurred a relief rally, but quickly reversed course on Friday.

The Dollar Index jumped 0.7% this week, with asset managers adding commodity hedges against stagflation risks due to elevated energy prices.

Federal Reserve officials signaled that the central bank is in no rush to lift borrowing costs at its upcoming policy meeting.