Alarm sounded! US long bond yield hits two-month high

As the countdown to the Federal Reserve's July interest rate meeting enters its final week, US long-term bonds once again faced selling pressure on Tuesday (July 21), pushing the yields of 10-year and 30-year bonds to new highs in about two months. The sharp rise in oil prices has intensified concerns about inflation pressure in the market, leading to panic about the possibility of the Federal Reserve taking action to raise interest rates.