US 10Y Treasury Yield Hits 5.34%, Highest Since 2002, on Inflation Fears

The US 10-year Treasury yield rose to 5.34%, the highest since 2002, with the 30-year at 5.68%, driven by investor concerns over rising prices, especially energy. This marks a significant repricing of long-term rate expectations, reflecting persistent inflation pressures. The move signals potential further tightening in financial conditions, with implications for global risk assets and borrowing costs.