Inflation worries intensify, and U.S. Treasury yields rise to a peak of 4.175%

According to Jinshi, after a slight fluctuation in U.S. Treasury yields on March 6, there was a surge, with the 10-year U.S. Treasury yield climbing to 4.175%, the highest level since February 12. The rise in yields is attributed to concerns over intensified inflation triggered by rising oil prices due to the Middle East conflict, which has weakened the possibility of interest rate cuts.

Abdelaziz Albogdady from FXEM pointed out that the ongoing tensions in the Middle East have driven up energy prices, exacerbating fears of persistent global inflation.