Bond bears are pushing benchmark US Treasury yields toward the 5% level. James Smith from ING told Reuters that ‘everything comes down to this,' but even a CPI print in line with expectations may not be enough to derail a hike next week ▻ ↧ Global bond selloff keeps 10-year US yield near 5% on oil, rate-hik... The global bond selloff pushed U.S. 10-year Treasury yields near the closely watched 5% level on ​Friday as inflationary fears stemming from oil prices surging well beyond $100 a barrel and rising chances of a near-term U.S. rate hike rattled investors.