Treasury Yields Surge to Yearly Highs; 10-Year at 4.326%, Highest Since Feb 23

Treasury yields have experienced a significant increase in recent days, reaching new highs for the year. This surge is attributed to persistent inflation concerns, causing traders to adjust their expectations for the timing of US monetary policy easing. The US 10-year yields saw a notable jump of 24 basis points last week, reaching 4.35%, the highest level this year, and peaking at 4.326%, the highest since February 23. Similarly, the 5-year Treasury yields have also risen, marking their highest point since November 28 at 4.367%. This marks the 5-year yields' most substantial increase, up 31 basis points, and a continuous rise for 6 consecutive days.