By Sam Goldfarb
A deluge of corporate bond supply is helping to keep U.S. Treasury yields elevated despite the interim U.S.-Iran deal.
Chip giant Nvidia is poised to issue $25 billion of new bonds Monday, according to a person familiar with the matter, in its first bond sale since 2021. Heavy corporate bond issuance can sometimes temporarily push up Treasury yields, as investors swap out government bonds for corporate debt.
With inflation stuck above the Federal Reserve's target and the labor market showing signs of stability, many investors say that yields are unlikely to drop quickly back to prewar levels. That should mean that mortgage rates and other borrowing costs also stay elevated.
The yield on the 10-year U.S. Treasury note settled at 4.468%, according to Tradeweb. That was down from 4.485% Friday but up from 3.961% in late February before the Iran war.
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(END) Dow Jones Newswires
June 15, 2026 16:04 ET (20:04 GMT)
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