Bond Report: Ten-year Treasury yields at fresh 16-year highs amid oil price surge

Bond yields inched up to fresh 16-year highs after rising oil prices increased inflation angst.

What’s happening

What’s driving markets

Oil prices that have moved swiftly to 13-month highs are adding to the upward pressure on bond yields, as traders fret that revived inflationary pressures will cause the Federal Reserve to keep interest rates higher for longer.

The…