US 10-Year Yield Rises to 4.661% as Iran Blockade, Sanctions Threats Escalate
Updated
Updated · CNBC · Aug 14
US 10-Year Yield Rises to 4.661% as Iran Blockade, Sanctions Threats Escalate
3 articles · Updated · CNBC · Aug 14
Summary
The 10-year Treasury yield rose 2 basis points to 4.661% on Friday, while the 2-year climbed to 4.152% and the 30-year to 5.237%.
Scott Bessent and Pete Hegseth drove the move after warning of unprecedented new sanctions to isolate Iran and saying a U.S. naval blockade of Iranian ports could continue indefinitely.
July producer prices were flat against expectations for a 0.2% increase, extending a week of tame inflation data that had otherwise supported Treasuries.
ING said contained inflation eases pressure for higher rates, but real yields remain elevated, leaving geopolitical risk to push borrowing costs higher.