As oil prices continue to rise, US Treasury bonds are falling further.

The U.S. Treasury bonds continued their bear market trend, with the market increasingly worried that rising energy prices could lead to inflation. Traders increased their bets on the Federal Reserve raising interest rates. The yield on 2-year U.S. Treasury bonds rose 10 basis points to 3.89%, while the yield on 2-year UK Treasury bonds rose 13 basis points to 4.53%. The swap contract market shows that the expected increase in interest rates by the Federal Reserve this year is 5 basis points, compared to the expected decrease of 6 basis points on Thursday.