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Treasury Yields Steady Despite Iran Tensions

Markets are closely watching fresh economic indicators after the Federal Reserve's June meeting revealed differing views among policymakers on the path of interest rates

Photo by Daniel Brzdęk / Unsplash

Treasury yields were largely unchanged on Thursday as investors shifted their attention to upcoming domestic economic data after the previous session's sharp rise in yields.

The benchmark 10-year Treasury yield held at 4.5732%, while the 2-year yield remained steady at 4.1953%. The 30-year Treasury bond yield edged above 5%, reflecting continued investor caution over geopolitical risks.

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According to the report, markets are closely watching fresh economic indicators after the Federal Reserve's June meeting revealed differing views among policymakers on the path of interest rates.

Investors are awaiting weekly jobless claims and June existing home sales data for clearer signals on the health of the U.S. economy.

The Labor Department is expected to report a modest increase in unemployment claims, while home sales are forecast to rise slightly.

Meanwhile, oil prices eased after U.S. forces carried out strikes against Iranian military targets overnight, reducing some immediate pressure on energy markets.

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U.S. Launches Second Night Of Strikes Against Iran
The military said the objective was to impose significant costs on Iran for attacks against civilian shipping.

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