Treasury yields jump as inflation fears weigh on sentiment

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U.S. Treasury yields rose across the curve on Thursday in tandem with global government bond markets, Yields on short-term bonds spiked as inflation fears linked to the U.S.-Iran war continued to sour sentiment.

The benchmark 10-year Treasury yield was more than 3 basis points higher at 4.296%. The 30-year Treasury bond yield added more than 1 basis point, reaching 4.90%. The 2-year Treasury note yield jumped more than 9 basis points to 3.835%.

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

Investors are digesting the Federal Reserve’s decision to hold its key interest rate steady. Announcing the update on Wednesday, the central bank said the “implications of developments in the Middle East for the U.S. economy are uncertain.”

Treasury yields jump as inflation fears weigh on sentiment

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