US Yields Climb as Inflation Threat Imperils Fed Rate Cuts

Treasuries fell for a fourth day — lifting yields to the highest levels in several weeks — as rising oil prices ignited inflation expectations and dented the outlook for Federal Reserve interest-rate cuts.

Yields for most tenors were three to four basis points higher after the US benchmark crude oil futures contract topped $82 a barrel for the first time since mid-2024. It’s climbed from under $70 this week in the wake of the Feb. 28 US attack on Iran, leading traders to wager on a later start to any Fed reductions this year.