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Treasury yields rose on Thursday as U.S. President Donald Trump's address indicated that the Iran war would continue for several weeks longer.
The yield on the 10-year Treasury rose more than 5 basis points to 4.372%. The 2-year yield was up more than 4 basis points at 3.849%, while the 30-year Treasury yield climbed more than 5 basis points to 4.953%.
One basis point is equal to 0.01%, and yields and prices move in opposite directions.
In an address to the American people on Wednesday evening, Trump said he expected the war to last another two to three weeks, during which time U.S. forces will "hit" Iran "extremely hard."
