US borrowing costs hit 5% for first time since 2023 amid bond sell-off
Treasury yields surge to 5% as oil prices climb above $108 a barrel following Middle East tensions.
The yield on 10-year US Treasury bonds reached 5% on Monday for the first time since 2023, marking a psychologically significant threshold as global bond markets experience intensified selling pressure. Oil prices have surged above $108 a barrel, attributed to Houthi attacks on Saudi Arabian infrastructure, raising inflation concerns.
The combination of rising energy costs and increased borrowing expenses reflects broader market anxiety over Middle East geopolitical tensions and their economic impact on inflation and interest rates.
Sources
- US borrowing costs hit 5% for first time since 2023 amid bond sell-off — The Guardian — World
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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