Inflation concerns weigh on the market as the US bond sell-off intensifies further

Glonghui, May 20 — Due to rising oil prices and concerns about inflation, U.S. stocks fell and the sell-off in Treasury bonds continued, pushing the 10-year U.S. Treasury yield to its highest level since February 2025. Although Trump stated that military action against Iran would be temporarily postponed, the market remains worried that persistent tensions in the Middle East could drive up energy costs. Investors will also pay close attention this week to major earnings reports from companies such as NVIDIA, as well as the upcoming IPO prospectus to be submitted by SpaceX.