The yield on the 30-year U.S. Treasury bond spiked over 5%, touching levels not seen since the global financial crisis of 2007 after the Federal Reserve’s decision to keep rates steady.
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Bond yields continued to climb on Thursday as oil prices rose amid an escalating conflict in the Middle East.
Bond yields rose on Wednesday as oil prices surged amid renewed tensions in the Middle East.
Global bond yields are jumping on the back of higher oil prices this morning after President Trump said he thinks the ceasefire with Iran is "over." European bonds saw some of the biggest moves, with benchmark 10-year bond yields in the U.
Stocks were mixed at the open on Tuesday as Wall Street looked through lower oil prices and toward the start of the Federal Open Market Committee's June meeting. The Dow rose 315 points, or 0.6%. Any close higher would be a fresh record close for the Dow.
The inflation fears sparking Friday's selloff propelled the 2-year Treasury yield to its level since Feb. 2025. The 2-year note settled at 4.160%, while the 10-year Treasury yield rose to 4.537%. Investors dumped bonds after a hot jobs report rekindled the possibility of rate hikes this year.
Stock futures kept falling after a hot jobs report sent bond yields higher. Dow futures were flat. S&P 500 futures were down 0.6%. Nasdaq 100 futures was down 1.3%. The U.S. economy added 172,000 jobs in May, which was well above expectations at 105,000 jobs.
Rising Treasury yields are pressuring global stocks and forcing investors to rethink expectations for inflation and Federal Reserve interest-rate cuts.