Treasury yields retreat, 10-year hovers around January 2025 highs
📰 source: cnbc_topnews · 💼 business
treasury yields fell on friday after briefly hitting their highest since january 2025 the day before, when brent crude topped $100 a barrel and reignited inflation fears. the 10-year note yield dropped 1 basis point to 4.685%, after climbing above 4.7% on thursday.
the 2-year yield fell 2 basis points to 4.333%, and the 30-year bond yield edged down to 5.163%. the pullback came as president trump said he is considering a "massive attack" on iran, escalating middle east tensions.
weekly jobless claims came in at 187,000, well below the 212,000 expected. investors now look ahead to the s&p global flash u.s. pmi report due later friday.
why it matters: yields retreating after an oil-driven spike suggests inflation fears may be easing, but geopolitical risks from iran keep markets on edge.
source: cnbc_topnews
sentiment: +0.10 · impact: 0.40