Treasury Yields Rise Amid U.S.-Iran Tensions and Await April PMI Data
Treasury yields increased as investors reacted to ongoing U.S.-Iran tensions and awaited the April PMI data. The 10-year Treasury yield rose to 4.214%, while the 2-year and 30-year yields also climbed. The situation in the Strait of Hormuz added to market uncertainty.
Topics: Federal Reserve Purchasing Managers' Index Strait of Hormuz Treasury yields U.S.-Iran relations