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Treasury Yields Pull Back as Markets Weigh Inflation Pressures

U.S. Treasury yields retreated Tuesday morning after sharp losses in the previous session, as traders assess global central bank responses to inflation concerns. The 10-year Treasury note yield, which touched a 15-month high Monday, moderated slightly on Tuesday. The 30-year bond yield remained relatively stable, though a Bank of America survey indicates 62% of global fund managers expect it to reach 6% — the highest level since late 1999 — representing roughly 86 basis points above current levels. Only 20% of respondents anticipate yields settling at 4%. Energy costs and government deficit concerns are driving sentiment across global bond markets. Brent crude remained elevated, with analysts warning oil prices are unlikely to return to pre-conflict levels. Government subsidies for household fuel needs create additional borrowing pressures on long-term costs.