U.S. Treasury yields rose Tuesday after U.S. President Donald Trump said that a ceasefire was in effect, soon after Iranian state-linked media announced Tehran had fired its “last round” of missiles at Israel.
“THE CEASEFIRE IS NOW IN EFFECT. PLEASE DO NOT VIOLATE IT!” Trump said in a post on Truth Social around 1 a.m. ET.
At 5:55 a.m. ET, the 10-year Treasury yield was up 2 basis points to 4.344%, the 2-year yield up a basis point to 3.84%, and the 30-year up over 3 basis points to 4.894%.
One basis point is equal to 0.01%, and bond yields and prices move in opposite directions.
The Israel Defense Forces confirmed that a ceasefire with Iran “came into effect this morning,” adding that it and its branches nevertheless remain on a “high level of alert and readiness to deliver a powerful response to any violations of the ceasefire.”
