Inflation Fears Push Bond Yields Higher, Raising Stakes for Fed

Bond yields climbed to multi-year highs on persistent inflation fears, with 30-year yields around 5.1%–5.2% and 10-year near 4.6%, signaling higher borrowing costs and suggesting the Fed may tighten further; the move is tied to energy-price shocks from the Iran conflict and broader geopolitical strain, potentially adding trillions to the federal debt if yields stay elevated, even as markets ride AI-spending optimism.