US 10-YEAR YIELD HITS 19-MONTH HIGH The 10-year Treasury yield climbed to 4.75%, its highest since early 2025, as a global bond selloff deepened. Inflation concerns, heavy corporate debt issuance and thin August trading are pressuring bonds worldwide. Middle East tensions and Brent crude above $91 added to inflation fears. Meanwhile, markets see about a 35% chance of a Fed rate hike in September, with a full hike not priced in until January 2027.(*Walter Bloomberg)