Global bond yields reached one-month highs as Middle East peace prospects faded and U.S.-Iran tensions strained markets. While the 10-year U.S. Treasury yield held steady at 4.473% mid-month, investors remained focused on upcoming core inflation data. By July 14, yields rose further due to increasing expectations of additional interest rate hikes by the Federal Reserve.
Yields rose Tuesday as investors adjusted positions ahead of the June inflation print, fueling expectations for further Federal Reserve rate hikes.
Read the full storyThe 10-year Treasury yield held steady at 4.473% as investors weighed Middle East risks against the upcoming path for Federal Reserve interest rates.
Global bond markets faced a broad sell-off, pushing yields to monthly highs as hopes for a Middle East de-escalation faded.