US 10-Year Yield Eases Further

2026-08-12 12:58 By Andre Joaquim 1 min. read

The yield on the 10-year US Treasury note was at 4.65%, extending the pullback from last session after the US inflation rate refrained from surpassing expectations.

Both headline and core inflation rates eased as expected in July, removing some of the pressure on FOMC to raise interest rates next month.

Gauges of underlying consumer prices had risen sharply this year after the outbreak of war in Iran lifted energy costs and halted key supply chains.

This prompted multiple FOMC members to deliver hawkish dissents in the Fed's last rate hold, with more policymakers signaling hawkish reaction functions in speeches since.

Still, elevated energy prices were still being transmitted to price indices as President Trump hardened his stance on Iran, prompting Tehran to dismiss an imminent suspension on blockades that prevent trade.

Concerns that the Fed will not raise rates to combat inflation had already drive long-yields to surge earlier in the month.



News Stream
US 10-Year Yield Eases Further
The yield on the 10-year US Treasury note was at 4.65%, extending the pullback from last session after the US inflation rate refrained from surpassing expectations. Both headline and core inflation rates eased as expected in July, removing some of the pressure on FOMC to raise interest rates next month. Gauges of underlying consumer prices had risen sharply this year after the outbreak of war in Iran lifted energy costs and halted key supply chains. This prompted multiple FOMC members to deliver hawkish dissents in the Fed's last rate hold, with more policymakers signaling hawkish reaction functions in speeches since. Still, elevated energy prices were still being transmitted to price indices as President Trump hardened his stance on Iran, prompting Tehran to dismiss an imminent suspension on blockades that prevent trade. Concerns that the Fed will not raise rates to combat inflation had already drive long-yields to surge earlier in the month.
2026-08-12
US 10-Year Yield Edges Lower
The yield on the US 10-year Treasury note eased to around 4.68% on Wednesday, extending its decline into a second session as investors positioned ahead of key inflation data that could provide fresh guidance on the Federal Reserve’s policy outlook. The consumer price index is due later today, with producer inflation figures scheduled for Thursday. Markets remain split over the prospect of a 25-basis-point Fed rate hike in September after the central bank left rates unchanged in July, while firmer oil prices continue to bolster expectations for a hawkish stance. On Tuesday, Chicago Fed President Austan Goolsbee said policymakers remain more focused on the risk of persistently elevated inflation than potential weakness in the labor market. Meanwhile, investors continued to monitor prospects for a US-Iran agreement to reopen the Strait of Hormuz after Pakistan’s defense minister said Washington and Tehran are “close to some sort of arrangement.”
2026-08-12
Treasury Yields Edge Down
The yield on the US 10-year Treasury note fell to 4.68% on Tuesday, after rising above 4.71% the previous day, as oil prices steadied amid signs that diplomatic efforts are underway to reach a deal between the US and Iran and reopen the Strait of Hormuz. Pakistan signaled the possibility of an agreement that could help ease tensions roiling energy markets, although the situation remains highly fragile and uncertain. Meanwhile, the highly anticipated US CPI report is due on Wednesday and should provide further insight into the path of inflation. The report is expected to continue pointing to a slowdown in energy-related price pressures that intensified in the months immediately following the start of the US war with Iran. Markets are pricing in roughly even odds of a Fed rate hike next month, with about a 50% probability of rates being left unchanged.
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