Treasury Yields Hit Two-Month High as Oil Sparks Inflation Risk

US Treasury yields hit two-month highs as crude oil surged toward $91 a barrel on US-Iran tensions, stoking inflation concerns. The 10-year yield touched 4.64 percent while traders priced in roughly a 20 percent chance of a Fed rate hike at next week's policy meeting. Strong US services-sector data and a firmer dollar added to the risk-off backdrop, with negative implications for emerging markets including India.