US Treasury Yields Soar to 21-Year High Amid Inflation Fears

The US 10-year Treasury yield has reached its highest level since 2002, climbing to 5.34% on Thursday according to Reuters and Bloomberg.

Persistent inflation concerns are driving up interest-rate expectations, with investors worried that inflation will stay above the Federal Reserve's target.

Rising oil prices, government borrowing, and the artificial intelligence boom are all contributing to higher yields, as technology companies invest heavily in AI infrastructure requiring large amounts of funding.

Bond sell-off has pushed yields higher, with investors selling government bonds over several months pushing bond prices lower and yields higher.