SINGAPORE: U.S. Treasuries fell on Friday, taking the yield on the benchmark 10-year note near the closely watched 5% level as surging oil prices fanned inflation angst while traders ramped up wagers on a rate hike from the Federal Reserve next week.
Yields on 10-year Treasury notes rose to 4.97% in early Asian hours, trading at their highest levels since late 2023 and keeping investors nervous about the possibility of a jump beyond 5%, a level briefly breached three years ago.
