Treasury yields ease as 10-year nears 2025 highs amid oil-driven inflation fears
U.S. Treasury yields pulled back after the 10-year briefly hit its highest since January 2025 as Brent crude topped $100 a barrel, reviving inflation fears; the 10-year hovered around 4.67%, the 2-year near 4.33%, and the 30-year about 5.15%. A softer July PMI and a healthier labor market — with weekly jobless claims at 187,000, below forecasts — helped support the market, even as President Trump discussed potential large-scale strikes on Iran amid escalating Middle East tensions.