U.S. Treasury yields increased as the surge in oil prices stalled, with the 30-year yield reaching 4.98%. This rise came after Brent crude oil prices fell to around $114 a barrel from previous highs above $126. The Federal Reserve's decision to keep interest rates unchanged has led to a shift in market expectations, reducing the likelihood of rate cuts until at least 2027. Analysts noted that the Fed is becoming more cautious about inflation, particularly related to energy prices. Economic indicators showed a 2.0% growth in U.S. GDP for the first quarter, slightly below forecasts, while personal consumption expenditures rose 3.5% year-on-year. The market is also anticipating month-end rebalancing, which could drive further buying of Treasuries as investors adjust their portfolios. The 5% yield level on 30-year Treasuries is viewed as a critical threshold, with sustained movement above this level indicating a significant shift in market dynamics.