US revenues grow amid Warch's hawkish stance and rising oil prices
U.S. Treasury bond yields remained near their highest levels in several weeks, driven by increased borrowing durations fueled by hawkish statements from Federal Reserve Chair Jerome Powell and rising crude oil prices. The yield on the 10-year bond reached 4.720%, while the 30-year yield stood at 5.222%, reflecting about a 60% probability of interest rate hikes at the September meeting. Additionally, deteriorating geopolitical tensions and higher oil prices pushed Brent crude above $90.50, as investors awaited upcoming U.S. labor market data.
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