Bonds are cracking. Oil is climbing. Markets are getting nervous.
Global markets feel the pressure
Asian stocks slipped as rising bond yields and higher oil prices brought inflation fears back into focus.
30-year Treasury hits a 19-year high
US 30-year Treasury yields jumped to 5.31%, their highest level since 2007.
The debt problem is getting louder
Heavy government borrowing, huge debt sales and rising corporate borrowing for the AI boom are putting more pressure on long-term yields.
Oil adds fuel to inflation fears
Brent climbed above $91 a barrel as Middle East tensions increased and hopes for a US-Iran peace deal weakened.
Japan feels the bond pressure
Japan’s 10-year yield rose to 2.94%, extending its move toward multi-decade highs.
Stocks lose momentum
MSCI’s Asian equity gauge fell 0.6%, while Nasdaq 100 futures slipped 0.6%.
The Fed is still in the spotlight
Even with softer US economic data, inflation remains above target. Markets are now watching whether long-term yields keep climbing.
AI boom meets bond market reality
The massive borrowing needed to fund AI infrastructure is becoming another factor pushing long-term yields higher.
Corporate watch
• BHP: Profit jumped almost a third as commodity prices boosted earnings
• Nvidia: Plans up to $105 billion to support a major OpenAI data center campus
• RTX: Won a $23 billion US Navy contract
• Berkshire Hathaway: Added to its Delta Air Lines and Alphabet holdings
The bigger market question
Are rising long-term yields becoming a bigger threat to stocks, growth and the dollar?