US 10-year yields hit June 2007 highs; oil above $100

US long-term borrowing costs have reached their highest level since June 2007 amid rising oil prices above $100/bbl and PPI inflation at +5.4%, signaling persistent price pressures. This backdrop of higher yields and inflation expectations typically strengthens the US dollar against G10 peers, particularly EUR/USD and GBP/USD, as it raises real rate expectations and supports Fed hawkish repricing.