The benchmark 10-year US Treasury yield jumped as much as 5 basis points (bps) in Asia to a three-week high of 4.131%. It was last up 3 bps for the day and was on track for its biggest weekly rise since April 2025 at 15 bps. The two-year yield was meanwhile up about 2 bps to 3.566%, having risen more than 18 bps this week. That has kept oil prices elevated, and with shipping through the key Strait of Hormuz paralysed, investor focus has quickly shifted to the risk of a resurgence in inflation. Benchmark US oil prices CLc1 rose to US$78.09 a barrel on Thursday, the highest since June, and were last up 2.3% at US$76.33 a barrel.

Source: The Edge Markets March 05, 2026 11:07 UTC