US 10-Year Yield Hovers Near 2-Month High
2026-07-23 01:53
By
Czyrill Jean Coloma
1 min. read
The yield on the US 10-year Treasury note traded around 4.65% on Thursday, hovering near its highest level in over two months as heightened geopolitical tensions fueled further gains in oil prices.
President Trump said the US would target Iranian infrastructure in response to every attack on Strait of Hormuz vessels, while Tehran warned of retaliation against regional energy assets.
The latest impasse followed signals from both the US and Iran that renewed peace talks were unlikely in the near term, despite diplomatic efforts to revive negotiations.
Elsewhere, Yemen’s Houthi rebels claimed responsibility for attacks on two Saudi tankers, heightening concerns over risks to Red Sea shipping routes.
Meanwhile, markets broadly expect the Federal Reserve to leave interest rates unchanged at next week’s meeting, although uncertainty over the policy outlook has grown amid unclear signals from new Chair Kevin Warsh.
Traders are now pricing in a 61% probability of a rate hike in September.