The US-Iran Situation Faces New Challenges as 30-Year Treasury Yield Hits 19-Year High

BlockBeats News, August 18th. US Treasury yields rose across the board on Monday local time. The 30-year Treasury yield, which is usually more sensitive to geopolitical events, rose by over 4 basis points to 5.311%, reaching its highest level since June 2007.

The 10-year Treasury yield, the key benchmark for mortgages, auto loans, and credit card debt, rose by over 2 basis points to 4.724%. The 2-year Treasury yield, which often follows the Fed's short-term rate decisions, rose by over 1 basis point on Monday to 4.182%. As the 60-day deadline for the US-Iran peace agreement expired on Monday with Iran ruling out an extension, oil prices rose.

Investors are awaiting the release of the Fed's meeting minutes later this week to gain further insight into the Fed's latest monetary policy decisions and future rate trajectory. In the July 29th meeting, the Fed voted 9-3 to keep rates unchanged in the range of 3.50% to 3.75%. The three dissenting voters, Harker, Kashkari, and Logan, called for a 25 basis point rate hike.