Treasury yields moved upward in the bond market, along with the higher-than-expected update on inflation at the wholesale level. The yield on the 10-year Treasury climbed to 4.26% from 4.20% late Tuesday and from just 3.97% before the war with Iran started. Higher Treasury yields grind down on prices for all kinds of investments, from stocks to crypto to gold.
Treasury yields rose on Wednesday as traders assessed the release of inflation data while the Federal Reserve kept interest rates unchanged, as expected. The benchmark 10-year Treasury note yield traded up more than 6 bps at 4.26%. The 2-year Treasury note yield rose more than 10 bps to 3.77%.