Oil prices surge and US 10-year Treasury yield hits 5% amid escalating Middle East conflict and inflation fears

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Oil prices surge and US 10-year Treasury yield hits 5% amid escalating Middle East conflict and inflation fears

⚡ Markets: Directly inflationary, increasing pressure on central banks to maintain hawkish stances. Bullish for oil, energy stocks, and the US dollar; bearish for bonds (yields up), equities (especially growth/tech), and energy-importing economies.BrentWTIUS 10Y TreasuryXLE

The benchmark US 10-year Treasury yield surpassed 5% for the first time since 2007, and Brent crude oil approached $110 per barrel. The market moves were driven by Houthi drone attacks shutting down a key Saudi Arabian pipeline and the group's seizure of strategic Red Sea islands, stoking fears of a wider conflict, prolonged supply disruptions, and persistent inflation that would force further central bank rate hikes.

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82 sources across the spectrum

Financial pressCNBC — 10-year Treasury yield rises to highest since 2007 as Fed rate-hike expectations rise

Financial pressWall Street Journal — Wall Street Confronts Prospect of a New Era After Treasury Yield Hits 5%

Financial pressFinancial Times — Oil hits $109 after Saudi Arabia closes vital export pipeline

Financial pressCNBC — The Fed is likely to raise interest rates as inflation persists. What that means for consumers

Financial pressNikkei Asia — 10-year Treasury yield reaches 5% as all eyes on Fed

Financial pressNikkei Asia — 10-year Treasury yield touches 5% as all eyes on Fed

Financial pressCNBC — Oil and Treasury yields haven’t moved this closely in seven years. That’s bad news for markets

Financial pressWall Street Journal — Oil Executives Say the Great Fuel Crisis Is Here

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