10-Year Treasury Yield Climbs to 4.75% as U.S.-Iran Strikes Lift Oil
Updated
Updated · CNBC · Aug 31
10-Year Treasury Yield Climbs to 4.75% as U.S.-Iran Strikes Lift Oil
3 articles · Updated · CNBC · Aug 31
Summary
Benchmark 10-year Treasury yields rose more than 2 basis points to 4.75% on Monday, their highest since Jan. 15, 2025, while 30-year yields climbed above 5.24%.
Overnight U.S. strikes on Iranian targets and Tehran's retaliatory attack on U.S. bases in Jordan pushed Brent crude up 2.71% to $90.49 a barrel and WTI up 2.83% to $85.76.
The 2-year yield slipped more than 1 basis point to 4.339% after Friday's 12-basis-point jump, when Fed Chair Kevin Warsh's hawkish Jackson Hole remarks lifted expectations for a September rate hike.
Fed funds futures now imply a 66% chance of a September increase, while Barclays expects two 25-basis-point hikes this year; UBS still argues easing inflation should let the Fed hold rates steady.
Investors are also watching the G20 finance meeting in Asheville and this week's ISM, JOLTS and nonfarm payrolls data for the next signal on U.S. monetary policy.
If wage pressures remain elevated despite slowing hiring, will the looming 5% Treasury yield force a sudden reversal in the broader market rally?
With the 10-year yield nearing 5% and semiconductor volatility surging, could Friday's jobs report trigger a massive tech stock collapse?
As resilient economic growth clashes with sticky inflation, are rising Treasury yields permanently breaking traditional stock-bond diversification strategies?