Global bond sell-off pushes 10-year U.S. Treasury yield toward 5% on oil, rate-hike fears

A global bond sell-off has driven the 10-year U.S. Treasury yield near 5%, driven by concerns over rising oil prices and potential interest rate hikes. The move signals a repricing of inflation and monetary policy expectations, with implications for global risk assets and borrowing costs. Uncertainty remains over the pace of central bank tightening and the sustainability of the yield surge.