Middle East Tensions Fuel US Treasury Yield Surge
US Treasury yields rose on Tuesday due to ongoing tensions in the Middle East that are driving up oil prices and inflation concerns.
The 10-year yield climbed to 4.7334%, while the 2-year and 30-year yields also increased, reflecting worries about inflation and the Federal Reserve's interest rate path.
Oil prices surged after US President Trump's comments on control of the Strait of Hormuz and demands for compensation from Iran.