Finance 8h ago 2 min read
The 30-year US Treasury yield surged to 5.17%—briefly touching 5.20%—its highest level since 2007, as Iran-driven energy inflation fears pushed traders to price in a greater-than-50% chance of a Federal Reserve rate hike by December 2026. WTI crude fell ~2% to $102 on Trump's Iran peace pledge, but bond market stress persists as the 10-year yield also hit a 16-month high of 4.687%.