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Treasury selloff pushes 10-year yield above 5.1% as oil climbs
The 10-year Treasury yield moved above 5.1% amid rising oil prices and growing inflation concerns, alongside a drop in the Nasdaq.
The latest Treasury selloff accelerated, sending the 10-year yield above 5.1%, according to WSJ Markets.
WSJ Markets links the sharp yield move to higher oil prices and intensifying inflation concerns.
The shift in rates pressured US stocks, with the Nasdaq falling as yields rose.
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