U.S. Treasury yields climbed sharply on Thursday as a combination of surging oil prices, escalating Middle Eastern tensions, and unexpectedly low jobless claims reignited fears of stubborn inflation and forced investors to reassess the direction of interest rates.
The 10-year Treasury yield hit 4.707 percent, its highest reading since mid-January 2025, in a move that rattled bond markets and stirred questions about how long the Federal Reserve can hold policy steady without losing control of inflation expectations.
The 10-year yield, long ...
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