Treasury yields and the U.S. dollar index rose as oil prices increased amid concerns about stalled negotiations between the United States and Iran regarding the Strait of Hormuz. The 10-year Treasury yield reached 4.727%, while the DXY added 0.1% to 99.851. These movements indicate that market participants are increasingly considering a potential rate hike by the Federal Reserve in September. The upcoming U.S. inflation report is expected to play a crucial role in shaping the Fed’s monetary policy decisions.
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