Bond yields jump as war and energy costs fuel inflation fears

U.S. 10-year and 30-year Treasury yields have surged to multi-year highs due to rising inflation and an energy crisis. This increase in yields is raising mortgage and corporate loan rates, which could hinder economic growth and reduce investor interest in equities. Additionally, ongoing inflation and geopolitical tensions are leading to speculation that the Federal Reserve may maintain or increase interest rates instead of cutting them.