U.S. Treasury yields retreated on Friday after briefly hitting their highest level since January 2025, as oil prices climbing above $100 per barrel reignited inflationary fears and geopolitical tensions escalated in the Middle East. The 10-year Treasury yield settled at 4.685%, down more than one basis point after surpassing 4.7% on Thursday. Weekly jobless claims came in at 187,000 for the week ended July 18, below the 212,000 economists had forecast. Investors will closely monitor the S&P Global Flash U.S. purchasing managers index to assess the health of American manufacturing and services sectors.
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