Treasury Yields Little Changed

2026-04-24 11:59 By Joana Taborda 1 min. read

The yield on the US 10-year Treasury note was little changed at 4.32% on Friday as traders continued to focus on developments in the Middle East.

Al Jazeera reported that government sources indicated a “high likelihood of a breakthrough” in US–Iran talks in Islamabad, with a delegation led by Iran’s Foreign Minister expected to arrive in the Pakistani capital tonight.

In addition, US President Trump announced a three-week extension to the ceasefire in Lebanon, which was due to expire on Sunday.

Meanwhile, traders also digested news that a probe of Fed Chair Powell s being dropped.

Still, the benchmark yield is up about 7bps on the week, as the stalemate in US–Iran talks and the near closure of the Strait of Hormuz continue to support oil prices and add to inflationary pressures, prompting traders to reassess the interest rate outlook.

The Fed is widely expected to keep the federal funds rate unchanged next week, with no further rate changes anticipated for the remainder of the year.



News Stream
Treasury Yields Little Changed
The yield on the US 10-year Treasury note was little changed at 4.32% on Friday as traders continued to focus on developments in the Middle East. Al Jazeera reported that government sources indicated a “high likelihood of a breakthrough” in US–Iran talks in Islamabad, with a delegation led by Iran’s Foreign Minister expected to arrive in the Pakistani capital tonight. In addition, US President Trump announced a three-week extension to the ceasefire in Lebanon, which was due to expire on Sunday. Meanwhile, traders also digested news that a probe of Fed Chair Powell s being dropped. Still, the benchmark yield is up about 7bps on the week, as the stalemate in US–Iran talks and the near closure of the Strait of Hormuz continue to support oil prices and add to inflationary pressures, prompting traders to reassess the interest rate outlook. The Fed is widely expected to keep the federal funds rate unchanged next week, with no further rate changes anticipated for the remainder of the year.
2026-04-24
US 10-Year Yield Climbs on Middle East Concerns
The yield on the US 10-year Treasury note rose to around 4.33% on Friday, extending gains for a fifth consecutive session as stalled US-Iran peace efforts and continued disruptions in the Strait of Hormuz kept inflation risks elevated. President Donald Trump said in a social media post on Thursday that he had ordered the US Navy to “shoot and kill” vessels laying mines in the Strait of Hormuz. The strategic waterway remains effectively closed, with both sides maintaining their blockades, pushing energy prices higher and reinforcing inflationary pressures. Meanwhile, the Federal Reserve is widely expected to keep the fed funds rate unchanged next week and for most of the year as policymakers evaluate the economic impact of the Iran conflict on inflation and growth. Investors also focused on remarks from Fed nominee Kevin Warsh earlier this week, in which he stressed the importance of central bank independence in monetary policy decisions.
2026-04-24
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