The key 10-year U.S. Treasury<\/a>\u00a0note yield \u2014 the main benchmark for mortgage borrowing, auto loans and credit card debt \u2014 was up more than 1 basis point at 4.579%.<\/p>\n The\u00a02-year Treasury note<\/a>\u00a0yield, which is typically more sensitive to short-term Federal Reserve interest rate decisions, was down 1 basis point at 4.191%. <\/p>\n The longer-dated\u00a030-year Treasury bond<\/a>\u00a0yield, which moves in line with broader geopolitical risks, rose more than 2 basis points, holding above the key 5% level, at 5.089%.<\/p>\n One basis point is equal to 0.01%, and yields and prices move in opposite directions.<\/p>\n 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. <\/p>\n 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<\/a> said Iran called Iran to make a deal<\/a> after the attacks.<\/p>\n U.S. West Texas Intermediate futures<\/a> rose 0.5% to $73.85 per barrel, while the international oil benchmark Brent crude<\/a> advanced 0.7% to trade at $78.53.<\/p>\n Traders are also grappling with new Federal Reserve meeting minutes<\/a> showing a central bank split on interest rate policy.<\/p>\n
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