US Treasury prices fell as yields on 10-year and 30-year government bonds climbed to roughly two-month highs, according to Odaily. On Tuesday, yields across maturities were up by 2 to 4 basis points, with the 10-year yield briefly reaching 4.64%, its highest level since late May. The move came as a sharp rise in crude oil prices added to concern that inflation pressure could build and push the Federal Reserve toward rate hikes. At the same time, the US dollar strengthened against most major currencies as the United States and Iran exchanged strikes for a 10th straight day. The combination of higher yields, firmer oil prices and a stronger dollar reflected a broader shift in market positioning around inflation risk and rate expectations.
US Treasury prices fell, sending yields on 10-year and 30-year bonds to roughly their highest levels in about two months, according to Odaily.
On Tuesday, Treasury yields across maturities rose by 2 to 4 basis points. The 10-year yield briefly reached 4.64%, the highest level since late May.
A surge in crude oil prices raised concern that inflation pressure could push the Federal Reserve to raise rates. As the United States and Iran exchanged strikes for a 10th consecutive day, the US dollar also advanced against most major currencies.
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