A Reuters poll of 31 bond strategists found that 17 of them expect the U.S. 10-year government bond yield could reach 5% within the next three months. The yield recently climbed to 4.86%, primarily driven by oil prices breaking above $100, inflation concerns, and heavy government borrowing. Although strategists still generally predict yields will eventually fall back, this conviction is weakening amid escalating expectations for Federal Reserve rate hikes and growing fiscal concerns.