0142 GMT - Rising U.S. Treasury yields reinforce short-term support for the dollar, MUFG Bank's Lloyd Chan says in a research report. "Markets are increasingly pricing in inflation risks amid the energy price shock, pushing U.S. yields higher," the senior currency analyst says. "However, this dynamic may be unsustainable over time," Chan says. Treasury yields at these levels increase U.S. debt-servicing costs materially, particularly with U.S. national debt having risen past US$39 trillion, the analyst says. "U.S. debt will be rolled over at higher interest rates, which could raise further concerns about the U.S. fiscal outlook," Chan adds. The U.S. Dollar Index is 0.1% higher at 99.306, LSEG data show. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
March 19, 2026 21:42 ET (01:42 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
