U.S. Treasuries resumed their decline on Wednesday, pushing the 30-year Treasury yield to 5.72%, its highest level since 2002. The move came as rising oil prices added to market concerns over inflation and possible Federal Reserve rate hikes. In Europe, the U.K. 30-year government bond yield climbed to 6%, while France’s yield on the same maturity rose by 14 basis points. A strategist at Mizuho International said the market was being affected by higher oil prices. The report, cited by ChainCatcher, points to a broader rise in long-dated sovereign yields across major markets as investors reassess inflation risks.
U.S. Treasuries resumed their decline on Wednesday, with the 30-year Treasury yield rising to 5.72%, the highest level since 2002, according to ChainCatcher.
Higher oil prices fueled market concerns about inflation and the possibility of further Federal Reserve rate hikes. The U.K. 30-year government bond yield rose to 6%, while France’s yield on the same maturity increased by 14 basis points. A strategist at Mizuho International said the market was being affected by rising oil prices.
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