Finance

The yield on the 30-year U.S. Treasury bond climbed to 5.18%, its highest level in nearly 19 years, driven by persistent inflation concerns and rising energy costs. This spike in borrowing costs has intensified speculation that the Federal Reserve's next move could be an interest rate hike rather than a cut.

Investors are closely watching Nvidia, scheduled to report results after the market close on May 20, 2026, as a bellwether for the broader artificial intelligence sector. While previous reports have consistently exceeded expectations, critics warn that valuations for AI-linked stocks may have become overextended during recent rallies.

Oil prices remained elevated above $110 per barrel as the ongoing conflict with Iran continues to threaten global supply routes like the Strait of Hormuz. Despite brief easing in crude prices, the resulting rise in U.S. gasoline costs to over $4.50 per gallon is sustaining high inflation expectations.