Traders work at the New York Stock Exchange on June 29, 2026.
NYSE
Treasurys were steady on Thursday after the previous session’s yield spike as traders weighed new economic data and sought to look beyond the renewed hostilities in the Middle East.
The key 10-year U.S. Treasury note yield — the main benchmark for mortgage borrowing, auto loans and credit card debt — was up more than 1 basis point at 4.579%.
The 2-year Treasury note yield, which is typically more sensitive to short-term Federal Reserve interest rate decisions, was down 1 basis point at 4.191%.
The longer-dated 30-year Treasury bond yield, which moves in line with broader geopolitical risks, rose more than 2 basis points, holding above the key 5% level, at 5.089%.
One basis point is equal to 0.01%, and yields and prices move in opposite directions.
Yields have been on the rise this week as tensions between the U.S. and Iran ramped up once again, stoking fears of elevated inflation.
The U.S. carried out extensive strikes against Iranian military targets overnight, including air defenses, drone and missile sites. To be sure, President Donald Trump said Iran called Iran to make a deal after the attacks.
U.S. West Texas Intermediate futures rose 0.5% to $73.85 per barrel, while the international oil benchmark Brent crude advanced 0.7% to trade at $78.53.
Traders are also grappling with new Federal Reserve meeting minutes showing a central bank split on interest rate policy.
The latest weekly initial jobless claims data for the week ended July 4 recorded 215,000 benefits claims, below the 218,000 that economists polled by Dow Jones expected.
