Danish Bank Says Market Attention Is Rising on U.S. Treasury Yields

According to Jin10, Kristoffer Kjaer Lomholt, head of fixed income and FX research at Danske Bank, said market attention to government bond yields, such as the 30-year U.S. Treasury yield, is rising. He said the 30-year U.S. Treasury yield is currently above 5% and is becoming more persistent, while escalation in the Middle East, Houthi attacks on two Saudi oil tankers in the Red Sea, and Brent crude nearing $100 a barrel have added inflation pressure ahead of next week's Federal Open Market Committee meeting. At the time of writing, the 30-year U.S. Treasury yield was up 0.3 basis points at 5.150%, near a two-month high.