US 10-year yield hits 24-year high at 5.306% on inflation fears

The US 10-year Treasury yield surged to 5.306%, the highest since May 2002, driven by elevated energy prices stoking inflation concerns and expectations of further Fed rate hikes. This marks a significant repricing of long-end rates, reflecting persistent inflation pressures and a hawkish Fed stance. The move signals potential further tightening, with implications for global borrowing costs and risk assets.