1015 GMT - U.S. Treasury yields rise as fresh military escalation in the Middle East pushes oil prices higher, reigniting inflation concerns. President Trump announced the reinstatement of the blockade on Iranian shipments in the Strait of Hormuz. "Treasury yields remained at elevated levels with inflation concerns returning as oil prices rose to a month-high amid the increase in geopolitical tensions," Exness' Krisada Yoonaisil says in a note. The dollar falls, however, as investors await U.S. inflation data at 1230 GMT, followed by Federal Reserve Chairman Kevin Warsh's Congress testimony. The 10-year Treasury yield rises 1.4 basis points on the day to 4.623%, having earlier hit an eight-week high of 4.636%, according to Tradeweb. The DXY dollar index falls 0.2% to 101.075. (emese.bartha@wsj.com)
(END) Dow Jones Newswires
July 14, 2026 06:15 ET (10:15 GMT)
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