US 10-Year Treasury Yield at 2025-Highs

2026-07-23 10:18 By Joana Taborda 1 min. read

The yield on the US 10-year Treasury note continued to climb to 4.71% on Thursday, rising for a fourth consecutive session to its highest level since January 2025, as surging oil prices and escalating geopolitical tensions fueled expectations that the Fed will need to raise interest rates.

Markets are now pricing in a more than 33% chance of a rate hike next week, while the probability of a September increase has climbed above 78%, up from 61% a day earlier.

Hostilities in the Middle East continue to intensify, with no signs of a near-term resolution.

As a result, oil prices have surged nearly 31% above their pre-conflict levels seen earlier this month.

Although inflationary pressures have remained relatively contained so far, the latest spike in energy prices has renewed concerns that higher oil costs could feed into broader inflation, prompting the Fed to maintain a tighter monetary policy stance.



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2026-07-23
US 10-Year Treasury Yield at 2025-Highs
The yield on the US 10-year Treasury note continued to climb to 4.71% on Thursday, rising for a fourth consecutive session to its highest level since January 2025, as surging oil prices and escalating geopolitical tensions fueled expectations that the Fed will need to raise interest rates. Markets are now pricing in a more than 33% chance of a rate hike next week, while the probability of a September increase has climbed above 78%, up from 61% a day earlier. Hostilities in the Middle East continue to intensify, with no signs of a near-term resolution. As a result, oil prices have surged nearly 31% above their pre-conflict levels seen earlier this month. Although inflationary pressures have remained relatively contained so far, the latest spike in energy prices has renewed concerns that higher oil costs could feed into broader inflation, prompting the Fed to maintain a tighter monetary policy stance.
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US 10-Year Yield Hits New 2-Month High
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