Oil's Bitter Fruit: How Rising Prices Squeeze More Than Just Wallets As oil prices surge to their highest levels since May, Wall Street and the ASX are bracing for another day of losses.
The familiar narrative is one of inflation worries, rising bond yields, and a Federal Reserve poised to act. The US Treasury has been a clear beneficiary of this price increase, with 10 year bond yields jumping to 4.
95 per cent. This significant move reflects growing concerns about inflation, music to the ears of those advocating for higher interest rates as a means of taming rising costs. However, it also carries a cost.