Treasury Yields and Market Stress Indicators Near Warning Levels

The U.S. 30-year Treasury yield was close to 5.109%, while the UK 30-year gilt hovered around 5.857%, and Brent crude oil was priced near $108.54. These figures indicate that key stress indicators are approaching levels that could signal broader market strain. According to NS3.AI, the U.S. high-yield option-adjusted spreads stood at 2.82% on May 13, and the Chicago Fed National Financial Conditions Index (NFCI) was at -0.524 for the week ending May 8. These metrics suggest that a credit event similar to the 2008 financial crisis has not yet been confirmed.