10-Year Treasury Yield Moves Higher
2026-04-21 14:59
By
Joana Taborda
1 min. read
The yield on the US 10-year Treasury note rose to 4.3% on Tuesday but remained below the peaks seen in March.
Escalating tensions in the Middle East continue to push oil prices higher, fueling inflation concerns and keeping borrowing costs elevated.
It remains uncertain whether Iran will join the US for a second round of negotiations ahead of Wednesday’s ceasefire deadline, while the Strait of Hormuz remains largely shut.
Meanwhile, investors watched the Senate confirmation hearing for Kevin Warsh as the next Fed Chair.
Warsh argued that the Federal Reserve requires significant changes to avoid repeating past mistakes on inflation, calling for a regime shift in how policy is conducted, including a new inflation framework and reducing its balance sheet by shedding a portion of longer-term Treasuries.
In addition to using interest rates and the Fed’s balance sheet to combat inflation, Warsh also emphasized the need for clearer and more effective communication from the Fed.