U.S. 10-Year Yield Hits 4.707% as $100 Brent and 187,000 Claims Stoke Inflation Fears
Updated
Updated · CNBC · Jul 23
U.S. 10-Year Yield Hits 4.707% as $100 Brent and 187,000 Claims Stoke Inflation Fears
3 articles · Updated · CNBC · Jul 23
Summary
The 10-year Treasury yield rose 5 basis points to 4.707% on Thursday, its highest since Jan. 15, 2025, while the 2-year climbed to 4.362% and the 30-year reached 5.183%.
Brent crude jumped 6% above $100 a barrel and WTI gained 5% above $91 after Red Sea tanker attacks and renewed U.S. threats toward Iran revived inflation concerns.
Jobless claims fell to 187,000 in the week ended July 18, well below the 212,000 expected, reinforcing the view that the economy remains firm enough to keep rate pressures elevated.
Investors next turn to Friday's S&P Global Flash PMI for a fresh read on manufacturing and services, with bond yields also rising across Asia and Europe.