US 10-year Treasury yield nears 5% as oil surge lifts rate-hike bets
US Treasury yields climbed to their highest since 2023, with the 10-year note at 4.97 per cent, as Brent crude jumped about 13 per cent on the week to US$108.68 a barrel. Traders now price a 72 per cent chance of a Federal Reserve rate hike next week, up from 49 per cent, ahead of the US consumer price index report.