U.S. Treasury yields rose on Friday as the U.S. threatened Iran with additional economic sanctions. The 10-year yield gained 2 basis points to 4.661%, the 2-year yield climbed over 1 basis point to 4.152%, and the 30-year yield advanced over 2 basis points to 5.237%. Treasury Secretary Scott Bessent announced unprecedented measures to economically isolate Iran, following Defense Secretary Pete Hegseth’s remarks about a potential indefinite blockade of Iranian ports. The producer price index was flat in July while economists expected a 0.2% increase, and the consumer price index met expectations, which supported Treasuries according to ING strategists.
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