US Treasury yields rise on Strait of Hormuz reports and jobs anticipation
Updated
Updated · CNBC · May 4
US Treasury yields rise on Strait of Hormuz reports and jobs anticipation
14 articles · Updated · CNBC · May 4
The two-year yield rose 3.7 basis points to 3.925% and the 10-year gained 3.2 basis points to 4.41% after Iranian media and a US official gave conflicting accounts.
Stock futures fell before trimming losses, while oil climbed then eased, as investors awaited Friday's April payrolls report, forecast to show 53,000 jobs added and unemployment steady at 4.3%.
The moves come as markets gauge whether sticky inflation and mixed labour signals will keep the Federal Reserve on hold in June, with some officials recently pushing back against any easing bias.
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?