Rising oil prices and persistent inflation nerves are rippling through bond markets and pushing up borrowing costs for US consumers.

Oil prices surge, causing a global bond sell-off amid inflation fears. Crude oil reaching a new all-time high by December 31 at 16.5% YES.

The US 2-year Treasury yield surged to 4.33%, its highest since February 2025, driven by oil prices and Iran tensions, putting pressure on