According to the latest S&P Global PMI data, US corporate business growth accelerated to its highest level since early 2015, driven by robust manufacturing output and surging service sector demand. However, this booming economic expansion has triggered a massive selloff in the U.S. Treasury market, pushing 10-year bond yields past 5.1% for the first time since 2007. Financial analysts warn that persistent supply chain bottlenecks and rising transportation costs are keeping long-term inflation risks alive.
About the Author
