The US 10-year Treasury yield climbed above 4.75% on Monday, a first since January 2025, fuelled by rising oil prices that strengthened expectations that the Federal Reserve may raise interest rates to contain persistent inflation, according to a Bloomberg report.
The selloff spread across the Treasury curve. Five-year yields reached their highest level since early 2025, while 30-year yields moved above last week’s highs. Oil prices gained more than 2% after hitting session highs during US trading hours, following President Donald Trump’s threat of additional attacks on Iran.
