Bond Yields Jump as Surging Oil Prices Spark Renewed Inflation Fears
What happened: The 10-year yield (^TNX), used as a benchmark for mortgages and loans, rose about 6 basis points to 4.59% on Wednesday. Meanwhile, the 30-year yield (^TYX) climbed to 5.08% as oil prices surged amid renewed tensions between the US and Iran Why it's im