U.S. Treasury yields rise and the dollar edges up gher amid fresh tensions in the Middle East and higher oil prices. "Renewed tensions in the Strait of Hormuz, with a ship being attacked, sent oil prices higher and kept traders on watch for further developments," Empire FX's Crispus Nyaga says in a note. A re-escalation in tensions could support the dollar through safe-haven demand and raise concerns over inflationary pressure from higher energy costs, the analyst says. Meanwhile, the Federal Reserve's minutes of the June meeting, due Wednesday, could shape near-term expectations for both currency and bond markets, Nyaga says. The 10-year Treasury yield rises 1.4 basis points to 4.492%, according to Tradeweb. The DXY dollar index rises 0.1% to 100.971. (emese.bartha@wsj.com)
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U.S. Treasury Yields, Dollar Rise Amid Fresh Mideast Tension — Market Talk
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U.S. Treasury yields rise and the dollar edges up gher amid fresh tensions in the Middle East and higher oil prices. "Renewed tensions in the Strait of Hormuz, with a ship being attacked, sent oil prices higher and kept traders on watch for further developments," Empire FX's Crispus Nyaga says in a…