Global Markets
US Borrowing Costs Hit 19-Year High: Fed's Struggle Deepens
724FinanceGökberk Uçar

The US 30-year Treasury yield surged to 5.23%, its highest level since 2007. The Federal Reserve held rates steady amid inflation pressures from Donald Trump's Iran War. Oil prices rose over 8% as Iran's missile attacks disrupted supply, pushing US crude inventories to precarious lows. Meanwhile, Microsoft signed $130bn in data center leases to meet AI demand. Markets are cautiously optimistic about the Fed's upcoming inflation target adjustment.