US long-term bond yields peak from 2023 on inflation fears
The selloff in government bonds around the world accelerated amid rising oil prices and expectations that the Federal Reserve may abandon a possible rate cut
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On Monday, Ma. 18, the U.S. government bond market continued the sell-off that began on Ma. 15, as a result of which the yield of 30-year government bonds rose to the highest level in almost three years. Investors' concerns about accelerating inflation provoked the dumping of debt instruments around the world, Bloomberg writes.
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The yield on 30-year U.S. government bonds rose 4 basis points to 5.16%, the highest level since October 2023. Yields on 10-year and two-year securities reached 4.63% and 4.10%, respectively - levels last seen in February 2025.
The debt market is reacting to the continued rise in oil prices - after US President Donald Trump renewed pressure on Iran to strike a deal to end the war in the Middle East.
Yield of 30-year government bonds of Japan on this background soared to the maximum since the debut of these debt securities in 1999. Also in the price fell in government bonds of Australia and New Zealand.
Brent crude oil with delivery in July traded on May 18 above $110 per barrel - at the moment it jumped to $112 - an increase of more than 1% against the previous close. WTI is trading at almost $107 per barrel, up 1.44%.
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This article was AI-translated and verified by a human editor
