U.S. Treasury yields climbed to their highest levels of the year as rising oil prices, driven by threats of an escalating war involving Iran, added pressure across the bond market. The policy-sensitive 2-year Treasury yield rose about 4 basis points on Thursday to roughly 4.34%, its highest level since early 2025. The 10-year yield also touched a fresh high for the year, while the 30-year yield reached 5.19%, just below its highest level since 2007.
Brent crude was described as gradually moving back toward $100 a barrel after the Houthis said they had attacked a merchant ship for the first time in recent months. According to the report, the rebound in oil has continued to weigh on the U.S. Treasury market and has made traders more inclined to expect that the Federal Reserve, under Warsh, could move to raise rates soon, potentially as early as next week. The report was cited by Jin10 and carried by Odaily.
U.S. Treasury yields rose to their highest levels of the year as threats of an escalating war involving Iran pushed oil prices higher, leading markets to expect that the Federal Reserve could raise interest rates as soon as next week.
Treasury yields move higher across the curve
The policy-sensitive 2-year Treasury yield climbed about 4 basis points on Thursday to roughly 4.34%, its highest level since early 2025. The 10-year Treasury yield touched a new high for the year, while the 30-year yield rose to 5.19%, slightly below its highest level since 2007.
Oil rebound adds pressure to the bond market
After the Houthis said they had attacked a merchant ship for the first time in recent months, Brent crude gradually moved back toward $100 a barrel. That rise has continued to pressure the U.S. Treasury market and made traders more likely to believe that the Federal Reserve, under Warsh, will move to raise rates soon this year.
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