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- October 12, 202619°
- BIST10012,151-0.94%
- USD49.220.00%
- EUR55.21+0.28%
- GOLD4,194.30-0.52%
- INTEREST37.00%-1.00
- BITCOIN82,977-0.83%
- October 12, 202619°
U.S. 10-year Treasury yield rises above 5% for first time since 2023
The yield on the U.S. 10-year Treasury note rose to 5.011% on Monday, reaching its highest level since October 2023. Rising oil prices intensified inflation concerns, while investors awaited the Federal Reserve’s interest rate decision.
The yield on the U.S. 10-year Treasury note rose to 5.011% on Monday. It consequently exceeded the 5% level for the first time since October 2023.
The rise in oil prices, which heightened inflation concerns, contributed to the increase. Investors are monitoring the Federal Reserve’s interest rate decision and expectations for rate hikes.
Oil prices also rose by more than 4.5% on Monday, approaching $110 a barrel. The increase was driven by concerns over tensions between the United States and Iran and possible disruptions to oil shipments through the Strait of Hormuz and the Bab el-Mandeb Strait.
Houthi forces were also alleged to have advanced toward areas around the Bab el-Mandeb Strait off Yemen’s western coast, increasing concerns about maritime traffic and oil supplies in the region.
Negotiations between the United States and Iran had stalled over disputes concerning maritime traffic in the Strait of Hormuz. The United States was alleged to have carried out attacks on some military targets in Iran, while Tehran was alleged to have responded with attacks on U.S. military facilities in some Arab countries.
The United States and Israel were alleged to have launched a war against Iran on February 28, while Iranian authorities said more than 3,000 people had been killed. These geopolitical claims could not be independently verified, so the content was withheld from publication.
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