Lates News

According to Tradeweb data, the yield on US Treasuries showed a small fluctuation earlier in the day before jumping up. The 10-year Treasury yield climbed to 4.175%, reaching the highest level since February 12. The reason for the increase in yield is due to rising oil prices caused by the conflict in the Middle East, sparking concerns about inflation worsening and weakening the possibility of a rate cut. Abdelaziz Albogdady from FXEM stated in a report, "The ongoing tension in the Middle East has pushed up energy prices, intensified fears of global inflation, and forced investors to reassess the timetable for the Fed's monetary easing." The market research and financial technology strategist pointed out that the rise in US Treasury yields reflects "concerns about inflation and strong domestic fundamentals."