US 10-Year Treasury Yield Remains Close to 4.3%

2026-04-23 14:17 By Joana Taborda 1 min. read

The yield on the US 10-year Treasury note held near 4.3% on Thursday, hovering around that level since mid-month, as traders remained focused on tensions in the Middle East and the ongoing standoff between the US and Iran.

In the latest developments, US President Trump ordered the US Navy to target any vessels laying mines in the Strait of Hormuz and pledged to intensify efforts to secure the waterway.

The US continues to enforce a blockade on ships to and from Iranian ports, while Tehran has effectively curtailed international maritime traffic.

As a result, oil prices remain well above pre-conflict levels, and activity in the Strait is largely stalled.

Meanwhile, the Fed is widely expected to keep the fed funds rate unchanged next week and for most of the year.

Markets are currently pricing in a 26% chance of a 25bps rate cut in December, down from earlier expectations of two cuts this year prior to the escalation in conflict.



News Stream
US 10-Year Treasury Yield Remains Close to 4.3%
The yield on the US 10-year Treasury note held near 4.3% on Thursday, hovering around that level since mid-month, as traders remained focused on tensions in the Middle East and the ongoing standoff between the US and Iran. In the latest developments, US President Trump ordered the US Navy to target any vessels laying mines in the Strait of Hormuz and pledged to intensify efforts to secure the waterway. The US continues to enforce a blockade on ships to and from Iranian ports, while Tehran has effectively curtailed international maritime traffic. As a result, oil prices remain well above pre-conflict levels, and activity in the Strait is largely stalled. Meanwhile, the Fed is widely expected to keep the fed funds rate unchanged next week and for most of the year. Markets are currently pricing in a 26% chance of a 25bps rate cut in December, down from earlier expectations of two cuts this year prior to the escalation in conflict.
2026-04-23
US 10-Year Yield Edges Higher
The yield on the US 10-year Treasury note climbed to around 4.31% on Thursday, reaching a more than one-week high as stalled US-Iran peace efforts and continued tensions in the Strait of Hormuz kept energy prices elevated and inflation risks in focus. Tehran continues to assert control over the strategic waterway, having seized two vessels, while the US blockade of Iranian ports remains in place. Meanwhile, President Donald Trump said the current truce would remain in effect indefinitely as Washington awaits a new peace proposal from Iran. Inflation concerns have reinforced expectations that the Federal Reserve will keep interest rates unchanged this year, a view supported by Fed nominee Kevin Warsh, who pledged to uphold the central bank’s independence from the White House. Investors now look ahead to weekly jobless claims and PMI data for further signals on the economic outlook.
2026-04-23
Treasury Yields Little Changed, Middle East Situation Eyed
The yield on the US 10-year Treasury note was little changed at around 4.3% on Wednesday, as traders awaited developments in the Middle East, with uncertainty persisting despite some near-term relief from the ceasefire extension. US President Trump announced he would extend the ceasefire with Iran indefinitely, just ahead of its expiration, to allow time for peace negotiations. He also indicated that no new attacks were planned, although the blockade of the Strait of Hormuz would remain in place. However, uncertainty persists over the timing of any formal negotiations and news showed Iran fired ships in the Strait of Hormuz. Meanwhile, Federal Reserve nominee Kevin Warsh pledged to maintain independence from the White House while advancing broad reforms, a stance viewed as more hawkish than markets had expected. The Fed will decide on monetary policy next week and no changes in the fed funds rate are expected.
2026-04-22