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Yields have surged as traders price in the possibility that the Federal Reserve will need to keep interest rates higher for longer, after a jump in oil prices revived fears of renewed inflation pressure. Price pressures have already been running well above the central bank's 2% annual target. Read more: Bond market shock: 10-year US Treasury yield tops 5% as oil spike puts Federal Reserve on rate-hike path The yield on the 10-year notes was last up 3.51 basis points at 5.01%. Heavy debt issuance, including by companies financing record AI-related spending, has added to the move by creating a larger supply of bonds for potential buyers to choose from and limiting the prices that sellers can demand. Read more: US stocks today: US stocks end lower as AI slowdown fears hit chipmakers Traders are also focused on the deteriorating U.S. fiscal trajectory, with some arguing that Washington's widening deficits and rising debt load require a higher yield premium to keep drawing buyers. A still-resilient U.S. growth outlook has also underpinned the move. Some analysts view 5% on the 10-year as a critical line that could make bonds more competitive with stocks, potentially pulling dollars out of equities. Higher Treasury yields also flow through to the broader economy through costlier mortgages, auto and consumer loans, and more expensive corporate and municipal borrowing. (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
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