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Treasury 30-year yields climbed to the highest level since June as rising energy prices stoke concern inflation will accelerate.
The benchmark 30-year yield jumped to 2.12% in early Tokyo trade, extending its advance from last month’s low of 1.81%. The break-even rate, a gauge of expectations of consumer prices derived from the difference in yield between Treasuries and inflation-linked securities, rose to 2.49%, the highest since May.
Bond yields have been rising around the world in recent weeks amid speculation resurgent energy prices will push up costs through the economy just as central banks unwind debt purchases as they more
