The 10-year US Treasury yield rose 3 bps to 5.02%, surpassing its 2023 peak and
reaching the highest level since 2007. The move forms part of a global bond
selloff driven by a jump in energy prices after heightened Middle East supply
risk following a late‑February US strike on Iran, alongside debt and inf
concerns. Heavy corporate borrowing to fund AI spending is adding supply to
markets and acting as additional stimulus to an already-resilient US economy.
