- US Treasuries resumed their retreat, pushing the 30-year yield back to its highest since 2002.
- Climbing oil prices drove the move, raising concern about faster inflation and more central-bank interest-rate increases.
- Stocks fell alongside bonds as higher oil prices lifted yields, ending a record-breaking run in equities.
- Market participants flagged the risk that inflationary pressure triggers Federal Reserve rate hikes.
Quotes
“US Treasuries resumed their retreat, lifting the 30-year yield back to its highest since 2002 as climbing oil prices raised concern about faster inflation and more central bank interest-rate increases.”
“A record-breaking run in stocks hit a wall as higher oil prices lifted bond yields, stoking concerns that potential inflationary pressures could trigger Federal Reserve rate hikes.”
“Chuck Clough, Chairman at Clough Capital, discusses what he's seeing in current markets and whether we're facing an AI bubble.”