STOCKS | US Yields Hit Two-Month High on Oil-Fueled Inflation Concerns
US Treasury yields hit two-month highs as crude climbed to about $91 a barrel on US-Iran tensions, with the 10-year yield reaching 4.64%, its highest since late May, and most maturities up 2-4 basis points. A stronger Philadelphia Fed services survey added to the selloff, and traders priced roughly 20% odds of a Fed hike at the July meeting.
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