US Treasury bond yields surged on Monday, with the 10-year Treasury yield rising above 5% for the first time since October 2023, as a jump in crude oil prices revived inflation fears and pushed investors to price in another Federal Reserve rate hike this week.
The 10-year Treasury yield climbed past the 5% mark, while the 30-year yield hovered around 5.38%, reflecting fresh pressure across the long end of the bond market.
