Investors Bet on Higher-for-Longer Yields as Oil-Fueled Inflation Tests Incoming Fed Chair Kevin Warsh - Tekedia

U.S. Treasuries sold off as investors pushed the 10-year yield to an 11-month high.

Rising oil prices and Middle East tensions are stoking fears that inflation will stay elevated.

Markets see little chance of near-term Fed moves, raising questions about Kevin Warsh’s incoming leadership.

Some strategists expect the yield curve to steepen further as short rates stay pinned and long rates rise.