U.S. two- and 10-year Treasury yields hit one-week highs of 4.181% and 4.473%, respectively in Asian trade before coming off peaks. The rise in yields points to a solid U.S. economy coupled with inflationary pressure, while Middle East peace talks still see back-and-forth steps. President Trump has weighed a return to all-out war with Iran but has decided to stick with diplomatic talks for now, according to U.S. officials familiar with the discussion. On the data front, June employment data on Thursday are awaited to confirm continued strength of the labor market, even as some cooling is expected. Meanwhile, oil prices are edging up. The two-year Treasury yield is up 3.7 basis points at 4.175%, while the 10-year is up 4.3 basis points at 4.464%, according to Tradeweb. (emese.bartha@wsj.com)
Dow Jones Newswires
U.S. Two-Year, 10-Year Treasury Yields Hit One-Week High — Market Talk
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U.S. two- and 10-year Treasury yields hit one-week highs of 4.181% and 4.473%, respectively in Asian trade before coming off peaks. The rise in yields points to a solid U.S. economy coupled with inflationary pressure, while Middle East peace talks still see back-and-forth steps. President Trump has…