Oil Prices Rebound, Treasury Yields Remain Elevated Amid Middle East Tensions and Inflation Concerns

Oil prices, with Brent crude rising above $101 a barrel, are rebounding due to heightened concerns over Middle East supply following intensified attacks in the Strait of Hormuz. Concurrently, the 10-year US Treasury note yield remains near multi-decade highs, around 5.31%, driven by persistent inflation concerns, rising fiscal risks, and increased issuance of AI-related debt.