US bond yields rise as oil exceeds 100

U.S. two-year bond yields rose to 4.423%, as oil prices continued to climb, surpassing $100 per barrel for the first time since late July. This comes amid escalating tensions in the Middle East, including attacks by Iranian forces on ships and American oil tankers in the Gulf. These increases are linked to expectations that rising energy prices will impact inflation and have repercussions on the financial markets. Investors are also awaiting key economic data this month, such as the Producer and Consumer Price Indexes.

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