FED'S GOOLSBEE: NOT SURPRISED TO SEE EVIDENCE OF SUPPLY CHAIN PROBLEMS DEVELOPING GIVEN LENGTH OF U.S.-IRAN CONFLICT

A Wall Street debate is emerging over whether 30-year US Treasury yields can sustain a move above 5%. The yield briefly exceeded that level this week, hovering near a two-decade high. The rise reflects inflation fears tied to oil-price shocks from the US-Iran conflict, alongside resilient growth, large budget deficits, and heavy bond issuance as debt exceeds 100% of GDP. Despite political pressure for rate cuts, markets expect tighter policy ahead. Higher yields would lift borrowing costs across credit cards, mortgages, and business loans, marking a shift away from the low-rate era since the global financial crisis. Analysts note 5% as a psychological threshold reviving concerns over rising interest rates.

OPEC OUTPUT FELL TO NEW 36-YEAR LOW IN APRIL ON WAR - SURVEY