Overview
- U.S. Treasury yields, which jumped Friday to about 4.57% on the 10-year and 5.12% on the 30-year, helped trigger a broad sell-off that hit tech leaders hardest.
- Official data this week showed consumer prices up 3.8% year over year and producer prices up 6.0%, rekindling worries that inflation is picking up again.
- Brent crude climbed above $108 after talks between President Trump and China’s Xi produced no clear step to reopen the Strait of Hormuz, a key route for global oil shipments.
- Traders now assign roughly a 50% chance that U.S. interest rates finish the year above today’s level, up from about 14% a week earlier, according to CME Group pricing.
- The bond rout spread worldwide as UK, German, and Japanese yields rose to multi‑year highs, a shift that can raise mortgage and loan costs as drivers already face gas prices above $4.50 a gallon.