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Asian Stocks Plunge as Oil Spikes to $107 and Treasury Yields Hit One Year High
Economy
Published on 15 May 2026
A 30-year Treasury auction cleared at the highest yield since 2007
Asian markets tumbled as tech euphoria faded into inflation worries, sending U.S. Treasury yields to one-year highs and boosting expectations of a Fed rate hike. Brent crude climbed 5.7% this week to $107 amid stalled efforts to open the Strait of Hormuz, after attacks and a ship seizure raised supply concerns. The damage spread across Asia-Pacific benchmarks, while Japan’s wholesale inflation accelerated, leaving the Bank of Japan poised to raise rates.
- MSCI Asia-Pacific shares fell 2.3% and were set for a weekly 1.8% loss
- Brent crude rose 5.7% this week to about $107 a barrel
- 30-year U.S. Treasury yield hit 5.067%, highest since July 2025
- 10-year yield climbed to 4.528% and two-year to 4.065%
- Japan wholesale inflation accelerated to 4.9% in April, fastest in three years
- Markets priced a 45% chance of a Fed rate hike this year
Read the full story at Republic
This summarization was done by Beige for a story published on 
Republic