Treasury Yields Hit Multi-Month High on Escalating Middle East Tensions
TL;DR Summary
U.S. Treasury yields rose as renewed Middle East tensions pushed borrowing costs higher, with the 10-year at 4.784% (its highest since January 14, 2025) and the 30-year at 5.271%, while the 2-year held around 4.35%. The move followed U.S. strikes on Iran and a tanker attack near Oman, lifting oil prices. Investors are watching the G20 finance ministers meeting and key U.S. data, including the ISM Manufacturing PMI and payrolls due Friday.
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