US 10-year Treasury yield rises above 4.90%, up 95 basis points since Iran tensions began, signaling higher borrowing costs and potential market volatility in Q4.
Macro & Markets ·
The US 10-year Treasury yield has exceeded 4.90% for the first time since November 2023, reflecting a 95 basis point increase since tensions with Iran escalated. The yield rose an additional 10 basis points following the US Treasury's announcement to triple long-term buybacks to $6 billion, driving up borrowing costs for both government and consumers. Housing market activity has contracted sharply, with homebuyers exiting agreements at rates not seen since 2023.