Treasury yields resume climb as traders monitor inflation risks
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- U.S. Treasury yields rose across the curve on Thursday, with the 10‑year note at 4.6014%, the 2‑year at 4.0746%, and the 30‑year at 5.1334%.
- Federal Reserve officials at the April 27‑28 Federal Open Market Committee meeting warned that a majority anticipate interest rates rising if the Iran conflict fuels inflation.
- West Texas Intermediate crude futures climbed 1.4% to $99.61 per barrel, driven by Middle‑East tensions.
- Brent crude rose 1.3% to $106.42 per barrel, reflecting similar pressure from the region.
- Census Bureau projects April housing starts at 1.41 million and building permits at 1.39 million, a slight decline from March’s 1.502 million starts and 1.363 million permits.
Why it matters: Home‑buyers face higher mortgage rates as 10‑year yields rise to 4.60%, while oil‑dependent exporters benefit from the 1‑3% price jump in crude, tightening U.S. energy supply and raising inflation risk.
