Lates News

US Treasuries resumed their decline on Wednesday, with the 30-year Treasury yield climbing back to its highest level since 2002. Rising oil prices intensified market concerns about a resurgence in inflation and further Federal Reserve rate hikes. The selloff in the U.S. bond market also spread to Europe. The U.K. 30-year gilt yield rose back to 6%, while the French yield on the same maturity rose by as much as 14 basis points. The U.S. 30-year Treasury yield rose to 5.72%. Evelyne Gomez-Liechti, a multi-asset strategist at Mizuho International, said: "We still think the market is caught between two factors: on the one hand, current absolute yield levels are already quite attractive; on the other hand, the logic of rising oil prices has never faded."