New York —
Global bond yields are up sharply in recent weeks and US oil prices are back above $90 per barrel. Now, investors are on alert for potential pressure on the stock market.
The 10-year US Treasury yield rose above 4.81% early Wednesday and hit its highest level since November 2023. The yield surpassed a recent peak set in January 2025.
The rise in yields is a global phenomenon. Bond yields in France, Germany, the United Kingdom and Japan are at multi-year or multi-decade highs.
Yields rise when bond prices fall. Investors are selling bonds, pushing up yields, as they reckon with inflation nerves and the prospect of central banks raising interest rates. Longstanding concerns over government deficits are also contributing to higher yields.
