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US Treasury yields rise amid renewed US-Iran military strikes and oil price surge

Market News
01 Jun 2026
CNBC
View Source
Bearish
pluang ai news

US Treasury yields increased on Monday following renewed military strikes between the US and Iran near the Strait of Hormuz, raising concerns about the conflict's escalation. The 10-year yield rose above 4.47%, impacting borrowing costs for mortgages and loans, while oil prices jumped over 4% due to geopolitical tensions. Investors are also awaiting the US manufacturing PMI data for May, which may indicate rising costs in the economy. Additionally, former Fed Chair Jerome Powell warned that political pressure to lower interest rates could harm the Fed's independence.

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