Economy
US Treasuries Slip as Elevated Energy Costs Fuel Inflation Worries
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THE BRIEF
1
US Treasuries declined on Friday as elevated energy costs stoked inflation concerns and increased expectations for Federal Reserve interest rate hikes.
2
Two-year Treasury yields rose four basis points to 4.79%, while 10-year yields increased to 5.25%.
3
Brent crude fluctuated around $104 a barrel following developments regarding supplies and upcoming US inflation reports.