US 30-Year Yield Hits 5% on Oil Surge, Higher Borrowing Outlook
Oil prices remaining near the highest levels in four years is altering the outlook for inflation.
Photographer: David Ryder/BloombergTreasuries fell, sending 30-year yields to the highest since July, as a surge in oil prices stoked inflation fears while higher government borrowing estimates fueled concerns about increased supply.
Yields climbed by at least five basis points across the curve on Monday, with 30-year rates rising as high as 5.03%. Two-year yields, which are the most sensitive to shifting expectations for the Federal Reserve’s policy, climbed as much as 11 basis points to 3.99%.