U.S. Treasuries faced a new round of aggressive selling, with the 10-year yield hitting a high of 5.01%. Steven Barrow, Head of G10 Strategy at Standard Bank, warned that the sell-off is far from over, raising his year-end forecast to 5.2% and anticipating a further rise to 5.3% by Q1 2027. Inflation concerns, supply pressures, and rising oil prices due to the Middle East situation were the immediate triggers for this sell-off, with the DXY strengthening concurrently.