10-year Treasury yields climb on rate hike bets
U.S. 10-year Treasury bond yields rose to 4.657%, amid escalating tensions in the Middle East and increasing odds of a rate hike by the Federal Reserve. Investors are closely monitoring the military and political developments in the region, which has also led to oil prices climbing by up to 4%. Both short- and long-term bonds have experienced increases, reflecting expectations of further monetary tightening. Meanwhile, the likelihood of a rate hike in July and September has risen to 31% and 75%, respectively, according to market forecasts.
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