Crude futures soared over 8% to $73.76 per barrel, while gold hit $3,437.21 per ounce, reflecting heightened inflation risks. Analysts flagged that surging energy prices may complicate the Federal Reserve’s rate outlook. LPL Financial’s Adam Turnquist noted that higher oil prices introduce “upside risk to inflation,” reducing the probability of near-term rate cuts.
Yields on U.S. Treasuries climbed across the curve, with the 10-year reaching 4.411% and 2-year yields touching 3.954%, as bonds sold off on renewed inflation anxiety. The interplay between inflation expectations and Fed policy remains a key driver for DXY sentiment, especially with markets previously leaning toward a dovish Fed tilt.
Daily US Government Bonds 10-Year Yield
