Oil at current levels is “a little high,” said Tom Hainlin, national investment strategist at US Bank Asset Management, in comments carried by CNBC, though he argued the advance is not damaging enough to shift the outlook.
“The world‘s got enough oil for what it needs, and $80 to $90 is not so restrictive that it collapses the economy,” Hainlin told the outlet, adding that crude above US$100 a barrel would start to look “pretty prohibitive.”
Reuters reported the yield on the benchmark 10-year US Treasury note rose 3.6 basis points to 4.758 percent on Monday, its highest since January 15, 2025, and extended gains on Tuesday to a near 20-month high of 4.78 percent.
German and French long bond yields reached 15-year highs on Monday, according to the same outlet, and Japan’s 10-year benchmark approached 3 percent.
“The macro mix is turning more challenging for duration and risk assets,” Wee Khoon Chong, APAC macro strategist at BNY, told Reuters.