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US Treasury yields and the dollar climb further as oil prices rise

US Treasury yields and the dollar climb further as oil prices rise

智通财经智通财经2026/08/10 18:11
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As the market believes the likelihood of the Federal Reserve raising interest rates or remaining on hold in September is almost equal, US Treasury yields and the US dollar continue to rise. Despite officials' efforts to support the yen, the US dollar appreciated by nearly 1% against the yen. The prolonged standoff between the US and Iran in the Strait of Hormuz pushed Brent crude up by 4% to $87, reigniting inflation concerns that could support further rate hikes. The 10-year US Treasury yield reached 4.701%, while the 2-year US Treasury yield stood at 4.239%. The US Dollar Index rose by 0.2%.
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