Brazil central bank flags concern over long-term inflation expectations drift - AOL.com

Inflation concerns triggered a sell-off in global bond markets, driving the yield on the 30-year U.S. Treasury note above 5.18%, its highest level since 2007.

US Markets Decline Amid Rising Inflation Concerns.

The US 30-year Treasury yield reached its highest level since 2007 due to inflation concerns.

The market is pricing in over an 80% chance of the Federal Reserve raising interest rates by the end of 2026, indicating persistent hawkish expectations.

Mortgage rates rose on May 19 due to inflation and the Federal Reserve's hawkish stance, increasing borrowing costs.

Economist Ed Yardeni predicts that the Federal Reserve will raise interest rates in July to combat inflation.