US 10-Year Treasury Yields Hit 4.54%, Near One-Year High

US Treasury yields surged across all maturities, with 10-year yields jumping over 8 basis points to 4.54% - the highest since May 2023. Two-year yields broke back above 4% amid broader market risk-off sentiment and rising oil prices. The yield spike strengthens USD appeal as higher rates increase dollar-denominated asset returns. Major USD pairs face potential volatility as bond market signals renewed inflation concerns, creating headwinds for risk currencies and supporting dollar strength.