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Treasury Yield Breakout Raises S&P 500 Risks As Trump Weighs 'Massive' Attack

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11:26 AM ET 07/24/2026

Treasury yields have climbed to 18-month highs this week as the widening U.S.-Iran conflict boosts oil prices, inflation fears and the likelihood of additional Federal Reserve rate hikes in coming months. On Friday morning, government bond yields eased slightly and the S&P 500 edged higher as President Donald Trump weighs a momentous decision that famed investment strategist Ed Yardeni summed…