On June 29, 2026, traders work at the New York Stock Exchange.
new york stock exchange
U.S. Treasuries fell on Thursday after yields spiked in premarket trading as traders weighed new economic data and tried to look beyond new hostilities in the Middle East.
The yield on the key 10-year Treasury note, a key measure of mortgage borrowing, auto loans and credit card debt, fell more than 2 basis points to 4.545%.
The two-year Treasury yield, which is typically sensitive to the Federal Reserve’s short-term interest rate decisions, fell more than 3 basis points to 4.17%.
The yield on 30-year government bonds, which is tied to broader geopolitical risks, fell slightly but remained above the key 5% level at 5.057%.
One basis point equals 0.01%, and yields and prices move in opposite directions.
Yields have been rising this week as tensions between the U.S. and Iran rise again and concerns about higher inflation rise.
Throughout the night, the United States carried out large-scale strikes against Iranian military targets, including air defense facilities, drones, and missile bases. Indeed, President Donald Trump said after the attack that he called Iran to reach a deal.
West Texas Intermediate crude oil futures fell about 2% to settle at $72.08 per barrel. Brent crude oil futures, an international benchmark, fell 2.2% to close at $76.30 per barrel.
Traders are also keeping an eye on new Federal Reserve minutes that show the central bank’s divergent views on interest rate policy.
The latest weekly number of new jobless claims for the week ending July 4 hit 215,000, lower than the 218,000 expected by economists compiled by Dow Jones.
