• US five- and 10-year yields rose to the highest levels since 2007 after hotter-than-anticipated inflation data in Canada and rising oil prices added to global concerns about resurgent price pressures.
• The five-year Treasury yield rose as much as 7 basis points to 4.52%, the 10-year as much as 6 basis points to 4.365%. The two-year note’s yield came within a basis point of a new multiyear high.