Oil spike above $100 lifts U.S. Treasuries to fresh yield highs
TL;DR Summary
Oil rose above $100 a barrel, pushing U.S. Treasury yields to multiyear highs with the 10-year at about 4.908%, the 2-year at 4.518%, and the 30-year near 5.332%. The move comes as inflation fears mount ahead of Friday’s consumer price data and next week’s Federal Reserve meeting, despite a tame wholesale inflation report showing prices up 0.4% in August and core up 0.2%.
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