Treasury yields move higher as investors continue to digest Iran war

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U.S. Treasury yields moved higher on Thursday as investors continued to digest the U.S.-Iran war.

At 2:47 a.m. ET, the benchmark 10-year Treasury yield was up 4 basis points to 4.12%. The 30-year Treasury bond also added more than 4 basis points to yield 4.758%. The 2-year Treasury note was over 1 basis point higher, reaching 3.562%.

One basis point is equal to 0.01%, and yields and prices move in opposite directions.

U.S. Treasury Secretary Scott Bessent told CNBC’s Squawk Box on Wednesday that the government would be rolling out a series of measures to support oil trade in the Gulf, as the war threatened to jeopardize supplies and raise prices.

Treasury yields move higher as investors continue to digest Iran war

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