U.S. 30-Year Treasury Yield Breaks 5% for First Time in 19 Years, Sounding Inflation Alarm Again
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Amid renewed inflation fears fueled by the Middle East conflict, the yield on the U.S. 30-year Treasury bond surpassed 5% for the first time in 19 years. Soaring fuel prices are pushing up wholesale prices, sparking concerns of a spillover to consumer prices.