10-Year Treasury Yield Hits Near 3-Year High, Dollar Surges
Hyperdash NewsMacroThe 10-year Treasury yield reached its highest level in nearly three years today. This surge in yields is driving the US Dollar higher against major currencies like the Japanese Yen and the Euro. Rising yields typically indicate expectations of higher interest rates or inflation.
The increase in yields follows renewed hostilities in the Middle East, which have pushed oil prices higher and revived inflation concerns. Brent crude settled at $94.65 a barrel, up +4.60%, and West Texas Intermediate futures closed at $90.22 a barrel, a 5.20% increase. On Hyperdash, 
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