30-Year Treasury Yield Tops 5.12% as Oil Jumps Above $105 on Iran, China Fears

9 articles · Updated · NBC News · May 15

U.S. 30-year Treasury yields climbed above 5.12% Friday—near a one-year high—while the 10-year approached 4.56%, extending a global bond selloff that hit stocks and raised borrowing-cost concerns.
Oil drove much of the move: U.S. crude rose more than 4% above $105 and Brent topped $109 as the Strait of Hormuz remained effectively shut, keeping more than 20% of global energy flows disrupted.
Trump’s Beijing trip failed to calm markets, with officials offering few concrete trade or business deals, no clarity on extending the U.S.-China trade truce beyond November, and no progress on chip controls or tariffs.
Trump also said he did not ask Xi to press Iran on reopening Hormuz, while calling Tehran’s latest offer to end the war “not enough,” reinforcing fears of a prolonged supply shock.
The fallout is spreading to consumers and overseas markets: U.S. gas stayed above $4.50 a gallon, April CPI hit 3.8%, and European stocks, U.K. gilts, Japanese bonds and German bunds all sold off.

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