Bond market shock: 10-year US Treasury yield tops 5% as oil spike puts Federal Reserve on rate-hike path

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US bond yields climbed significantly on Monday, surpassing 5%. Crude oil prices jumped, reviving inflation concerns among investors. This surge pushed markets to anticipate another Federal Reserve interest rate hike. Resilient economic growth and government borrowing also contributed to rising yields. Investors now await the Fed's policy decision on Wednesday.