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10-Year Treasury Yield Tops 4.9%, Highest Since 2023, as Oil Surge Raises Inflation Fears
Summary by CNBC
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BizToc10-Year Treasury Yield Tops 4.9%, Highest Since 2023, As Oil Prices Surge
The increase came despite August wholesale inflation data showing a 0.4% rise, in line with expectations. Core wholesale prices increased 0.2%, slightly below forecasts.
·United States
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Operators assimilated that US oil prices had again exceeded $100 per barrel, overshadowing a moderate inflation report, CNBC reported.
US Treasury yields surge, with 10Y at 4.9% and 30Y above 5.34%, fully erasing drop after Bessent’s intervention
Rising Treasury yields signal a tighter monetary environment, reducing the likelihood of the Fed pausing interest rate hikes soon. The post US Treasury yields surge, with 10Y at 4.9% and 30Y above 5.34%, fully erasing drop after Bessent’s intervention appeared first on Crypto Briefing .
Coverage Details
Total News Sources6
Leaning Left1Leaning Right1Center1Last UpdatedBias Distribution34% Left, 33% Center, 33% Right
Bias Distribution
- 34% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
34% Left
L 34%
C 33%
R 33%
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