Treasury yields rise on oil volatility and inflation concerns
Updated
Updated · The Wall Street Journal · May 4
Treasury yields rise on oil volatility and inflation concerns
12 articles · Updated · The Wall Street Journal · May 4
The 10-year yield climbed 2.2 basis points to 4.400% and the two-year rose 2.1 basis points to 3.909% in early trading.
Markets stayed wary even after President Trump said the US would begin guiding commercial ships out of the Strait of Hormuz, where war-related disruption has trapped vessels.
The Wall Street Journal cited European diplomats and shipowners saying the plan may have limited effect without warship escorts, while investors also look ahead to Friday's US jobs data.
Could Trump's 'Project Freedom' for the Strait of Hormuz unintentionally ignite a full-blown war with Iran?
Beyond oil, is the Hormuz crisis creating a global stagflationary shock that could cripple economies worldwide?
With Europe calling it 'not our war,' is the US isolated in its high-stakes confrontation with Iran?