
Yields rise as Fed rate-hike bets mount amid oil rally
U.S. Treasury yields climbed Friday on growing expectations that the Fed will hike rates later this year, helped by higher oil prices and persistent inflation. The 10-year yield rose to about 4.731%, the 2-year to 4.295%, and the 30-year to 5.263%. Fed officials signaled support for tighter policy after the central bank left rates unchanged, while energy prices gained on Iran-related tensions in the Strait of Hormuz, pressuring bonds. Michigan sentiment improved; core PCE rose 0.1% MoM (3.3% YoY), GDP rose 1.5% in Q2, and investors eye next week's jobs data (July nonfarm payrolls and June JOLTs openings).













