Yields on the 10- and 30-year United States treasuries rose on Monday amid the latest escalation in the Middle East conflict. The US targeted Iranian launchers, citing an imminent Iranian attack, with Tehran retaliating shortly after. US President Donald Trump stated again that his administration will “hit them hard,” sparking fears of a further deterioration of the hostilities.
The 10-year note yield grew by 3 basis points to 4.752% at 9:08 am ET, the highest level since January 2007. The 30-year bond yield increased by 4 basis points to 5.248%, while the 2-year note yield fell by 1.1 basis points to 4.339%.