Treasury Yields are Back Where They were Before Fed Spooked Investors
Dow Jones08-04 23:06
Treasury yields are tracking oil prices lower, with investors hopeful that a deal to reopen the Strait of Hormuz will ease inflation pressures.
The yield on the 10-year Treasury note was recently 4.639%, according to Tradeweb, around its level before Federal Reserve Chairman Kevin Warsh's press conference on Wednesday.
A drop in oil prices could reduce pressure on the Fed to raise interest rates in the coming months. However, other factors are also keeping inflation elevated, ensuring yields remain much higher than they were before the Iran war started at the end of February.
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