US 10-Year Treasury Yield Rises to 4.561% as US-Iran Strikes Strain Ceasefire
Updated
Updated · Bloomberg · Jul 10
US 10-Year Treasury Yield Rises to 4.561% as US-Iran Strikes Strain Ceasefire
3 articles · Updated · Bloomberg · Jul 10
Summary
The 10-year Treasury yield rose more than 2 basis points to 4.561% on Friday, while the 2-year gained more than 4 basis points to 4.208% and the 30-year edged up to 5.062%.
Renewed U.S.-Iran missile strikes this week kept investors focused on the Middle East, even after a U.S. official said Washington would continue technical talks with Iran.
With no major U.S. economic data due Friday, geopolitical headlines drove trading, while oil prices fell on signs the U.S. still sought a solution to the conflict.
WTI crude settled down 0.93% at $71.41 a barrel and Brent fell 0.38% to $76.01, after Treasury yields had spiked earlier this week when Trump said the ceasefire was "over."