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10-year Treasury yield tops 4.9% on oil-driven inflation worries
U.S. oil prices hit $100 per barrel, a move markets linked to renewed inflation risk and higher Treasury yields.
Treasury yields rose on Thursday, with the 10-year note pushing above 4.9%, the highest level seen since 2023, CNBC Markets reported.
The yield increase came as U.S. oil prices surged to around $100 per barrel, raising concerns that higher energy costs could feed back into inflation expectations.
Investors typically watch the 10-year yield as a benchmark for longer-term borrowing costs, and the move reflected a repricing of rate expectations tied to the oil-driven inflation narrative.
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