Traders at work at the New York Stock Exchange on February 18, 2026.
new york stock exchange
U.S. Treasury yields rose on Wednesday as investors monitored signals from the White House that talks to resolve the Middle East conflict would resume this week.
yield of 10 years US Treasury The note, a key measure of government borrowing, rose more than 2 basis points to 4.279%.
of 2 year Treasury bill The yield, which is more sensitive to the Fed’s short-term interest rate decisions, rose 1 basis point to 3.761%. longer date 30 year government bond The yield rose more than 2 basis points to 4.893%.
One basis point equals 0.01%, and yields and prices move in opposite directions.
Markets rallied on Tuesday after reports that new negotiations between the US and Iran could be held in Islamabad in the coming days.
Investors also continued to scan economic data for signs of inflationary pressures from the conflict.
Import prices in March increased by 0.8% from the previous month. However, economists polled by Dow Jones expected a 2.4% rise.
“Import price inflation is another reason why high-priced goods from overseas are fueling inflation, and why U.S. consumers can’t expect any relief from the price hikes that are creating an affordability crisis,” said Chris Rupkey, chief economist at FWDBONDS.
“Import price inflation is trending upwards as supply disruptions raise transportation costs and foreign manufacturers no longer offset tariffs by lowering the prices of their own products,” he continued. Rising non-fuel import prices “will likely keep inflation higher than Fed officials expect, potentially delaying rate cuts until 2027.”
Cleveland Fed President Beth Hammack said Wednesday that she expects the central bank to keep interest rates on hold for “some time” as it assesses the inflation environment and labor market conditions.
Treasury yields fell on Tuesday after the most recent producer price index, a key measure of pipeline costs for U.S. final demand goods and services, rose 0.5% in March, according to data from the Bureau of Labor Statistics. This was significantly lower than the Dow Jones consensus estimate of 1.1% for the month.
—CNBC’s Jeff Cox contributed reporting.
