Treasury yields climbed on Friday, with two-year yields at 4.79% and 10-year at 5.24%, as high energy costs fueled inflation concerns and expectations of further Federal Reserve rate hikes. Investors have been selling long-dated debt for weeks amid worries over rising inflation from the war in Iran and ballooning deficits. The upcoming US inflation report on Wednesday will provide key clues on the Fed's policy path.
Treasuries Slide as Energy Costs Stoke Inflation Fears
Source: Moneycontrol