The yield on the US 10-year Treasury note has risen above 4.75% for the first time in about a year and seven months, since January 2025. This is due to heightened expectations that the US policy interest rate will be raised amid rising crude oil prices. The selling pressure extended to the entire US Treasury market, pushing the 5-year yield to its highest level since January last year. A key oil price indicator rose more than 3% at one point, and President Trump stated in a FOX News interview that he would respond to Iran's attack on US forces.
Rising oil prices and rate hike expectations push 10-year yield above 4.75%
Selling pressure in Treasuries lifts 5-year yield to highest since January last year
