US Selloff Deepens at Open as Markets Price 50% Chance of 2026 Rate Hike
The earlier oil- and yield-driven selloff intensified in U.S. trading, after S&P 500 futures fell 1.46% ahead of the open and losses accelerated shortly after trading began. Markets were pricing a 50% chance of a 2026 rate hike, split between 40% odds of one increase and 10% odds of two, while bitcoin fell below $80,000.
The move extended a broader global retreat tied to inflation concerns as persistently higher oil prices pressured bonds and other risk assets. Earlier, the 30-year Treasury yield climbed to 5.056%, a 10-month high, the 10-year touched 4.53% and the two-year reached 4.065%; in Japan, energy-driven wholesale inflation bolstered the case for a June rate hike and helped lift the 30-year government bond yield to 4.00% and the 40-year to a record 4.235%.
From the sources (25 posts)
@lizannsondersRT @KevRGordon: 2y Treasury yield highest since last June
@globalmktobservRT @GlobalMktObserv: ⚠️The US 30-year Treasury yield is testing a CRITICAL LEVEL AGAIN: The 30-year US Treasury yield crossed 5.0% on Tues…
@globalmktobservRT @GlobalMktObserv: 🚨Japanese government bond yields are surging to historic levels: The 30-year JGB yield is up to 3.835%, the 2nd-highe…
@kevrgordonHighest close for the 10y Treasury yield since last July
@cointelegraph🚨 NOW: The US 30-Year Treasury yield has climbed to 5.03%, just 8 basis points away from a new 19-year high per Bianco Research.
@lisaabramowicz1Average yields on long-dated government bonds have reached their highest levels since 2008, h/t @DRBCurtis "The last mile of fighting inflation is a marathon rather than a sprint...there are a lot of upward pressures on rates across the cur
@lizannsondersPPI truck transportation costs of freight soared +8.1% in April … biggest jump on record
@globalmktobserv⚠️THERE WE GO: The 30-year Japanese bond yield is up another +10 basis points, to 3.92%, on track for the highest daily close since its debut in 1999. 40-year JGB yield is up +6 basis points, to 4.16%, on track for the highest weekly clos
@lizannsondersApril PPI final demand services (blue) and goods (orange) both increased at fastest pace since 2022
@lizannsondersMBA mortgage applications rose +1.7% for week ending May 8 … 30y mortgage rate rose to 6.46%
@lizannsondersApril annualized 3-month % change for core PPI advanced +6.7% and remained well above its long-term average
@firstsquawkBenchmark U.S. 2-Year Treasury Yield Rises to 4.027%, Highest Since June 2025
@firstsquawkU.S. 30-Year Treasury Yield Climbs to 10-Month High of 5.056%, 10-Year Hits 4.512%
@zerohedgeSurging rates hitting futs, ES < 7500
@businessUS Treasuries slid with global peers as persistently higher oil prices threatened to worsen inflation and keep interest rates elevated for longer
@zerohedgeJAPAN 20-YEAR YIELD RISES TO 3.605%, HIGHEST SINCE 1996
@reutersJapan's wholesale inflation spikes on energy shock, bolsters case for June rate hike
@firstsquawkJapan Benchmark 10-Year Yield Advances 10 bps, Reaches 2.730%
@businessJapan’s government bond yields marched higher across the curve on Friday as elevated oil prices fuel inflation concerns across global debt markets
@reutersDollar rides rising yields to largest weekly gain in two months
@firstsquawkU.S. Two-Year Treasury Yield Hits 4.065%, Reaching Highest Level Since March 2025
@firstsquawkU.S. 10Y Treasury Yield Advances to 4.530%, Marks Peak Since May 2025
@businessEmerging-market stocks and currencies declined after two consecutive sessions of gains, pressured by rising oil prices and a cautious mood among investors ahead of the weekend
@firstsquawkJapanese 30-Year JGB Yield Jumps to 3.98%, Up 7.5 Basis Points
@reutersGold heads for weekly loss on oil-driven inflation fears; Trump-Xi talks in focus