US 10-YEAR TREASURY YIELD HITS 19-YEAR HIGH ABOVE 5% AMID PERSISTENT SELL-OFF

U.S. government borrowing costs surged to their highest level since 2007, with the 10-year Treasury yield briefly topping 5.04% on Tuesday. The bond market rout reflects persistent inflation concerns, rising oil prices, and expectations that the Federal Reserve will implement a quarter-point interest rate hike this week. Investors are also scrutinizing the sustainability of the U.S. government's $40 trillion debt load.