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The 10-year U.S. Treasury yield rose to 4.81% on Wednesday as Middle East conflict drives oil prices higher and rate hike bets grow
Renovation work continues on the Marriner S. Eccles Federal Reserve Board Building, the main offices of the Board of Governors of the Federal Reserve System on December 9, 2025 in Washington, DC. (Andrew Harnik/Getty Images)
Government bond yields reached multi-decade peaks across major economies on Wednesday, as a persistent selloff gathered momentum amid resurgent inflation concerns, higher oil prices, and intensifying expectations of central bank rate increases.
The 10-year U.S. Treasury yield rose to 4.81%, according to Reuters. Germany's 10-year bund yield reached 3.375%, its highest level since 2011, while Japan's 10-year yield remained above 3%, a level not seen in three decades. U.K. 10-year gilt yields extended their post-2008 high to 5.25%. Australian 10-year government bonds pushed up to 5.198%, a level last seen more than 15 years ago.
