
The U.S. 2-Year Treasury Yield Rises to 4.74%. This is the highest level since July 2024, following the Fed’s signal that further rate hikes remain possible. With oil still above $100, inflationary pressures remain stubborn, and short-term yields continue to be pushed higher. If expectations for additional Fed hikes persist, the 5% level for the 2-year yield is no longer out of reach—and that’s what could truly pressure risk assets.