US Treasury Yields Rebreak 5% as Dollar Pauses Amid Gold Rise

New York financial markets on Tuesday (local time) saw divergent price movements across asset classes as the possibility of further tightening by the US Federal Reserve emerged. The US 10-year Treasury yield briefly surpassed 5% during trading, while the dollar strengthened against the yen but edged lower in dollar index terms toward the end of the session. The dollar-to-KRW exchange rate rose to 1389 during the day, pushing the Korean won to its lowest level in nearly a month.

Meanwhile, gold prices increased by 0.85% as easing inflation concerns following a drop in international oil prices countered earlier market pressures.