U.S. Treasury yields moved higher on Tuesday, with the 10-year yield at 4.7334%, the 2-year yield at 4.2597%, and the 30-year yield at 5.2790%. Oil prices climbed, with WTI reaching $83.58 per barrel (+1.78%) and Brent crude at $89.25 per barrel (+1.81%), driven by Middle East tensions. President Donald Trump said the U.S. now controls the Strait of Hormuz, while prospects for a deal to end the Middle East conflict appeared to fade. Investors are awaiting July inflation data due Wednesday and existing home sales figures, expected at 4.04 million units. The Fed remains focused on how these geopolitical developments will affect inflation and its interest rate path.
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