The yield on the 10-year US Treasury bond has risen to 4.8102%, reaching its highest level since the end of 2023

BlockBeats News, September 2nd, according to Bitget market data, the yield on the U.S. 10-year Treasury bond has risen to 4.8102%, the highest level since the end of 2023.

Amid escalating tensions between the U.S. and Iran and increased risks in the Strait of Hormuz lifting oil prices, the market interpreted the impact as inflationary rather than a flight to safety. U.S. bonds were sold off. Coupled with recent hawkish comments from Powell, the pricing for a September rate hike has significantly increased, raising global discount rates and funding costs.