U.S. Treasury yields were steady on Wednesday ahead of economic data that could shed light on the Federal Reserve’s policy path. The 10-year yield held at 5.1211%, the 2-year yield at 4.7889% and the 30-year yield at 5.4320%. Oil prices rose 0.86% to $98.66 per barrel after missile strikes hit tankers and Saudi energy facilities in the Strait of Hormuz. The average 30-year fixed mortgage rate was 7.5% in the previous week, while initial jobless claims increased by 1,000 to 199,000.
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