US 30Y Yield Returns to 2002 High on Oil Rise
US Treasuries retreated with the 30-year yield reaching its highest level since 2002 as climbing oil prices raised concerns about faster inflation and more central bank rate hikes.
Original · Bloomberg AI summary of public reporting
Why: Rising oil prices raise inflation fears → higher yields
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Prices since publication
At publication → Currentpara:30Y— → ——
CL89.38 → 91.14+2.0%
BRENTOIL101.17 → 102.21+1.0%