10-year Treasury yield hits highest level since late 2023 as oil price lifts US Fed rate-hike bets

The US 10-year Treasury yield rose to 4.81%, its highest since November 2023, due to rising crude oil prices and inflation risks. Concurrently, US-Iran tensions escalated as military strikes occurred after the US attacked Iranian sites, prompting threats of larger responses from President Trump.The US 10-year Treasury yield rose to 4.81%, its highest since November 2023, due to rising crude oil prices and inflation risks. Concurrently, US-Iran tensions escalated as military strikes occurred after the US attacked Iranian sites, prompting threats of larger responses from President Trump. 

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