US Treasury yields hit multi-month highs

Odaily Odaily reports that the Strait of Hormuz remains effectively closed, and with ongoing inflation concerns, US Treasury yields rose during the Asian trading session. Data from Tradeweb shows that the yield on the US two-year Treasury note reached 4.064%, its highest level since February 2025. The yield on the US 10-year Treasury note rose to 4.530%, a one-year high, while the yield on the 30-year Treasury bond climbed to 5.071%, its highest level since July 2025. After hitting these levels, yields pulled back slightly but were still 6 to 8 basis points higher than the previous trading day. (Jin Shi)