U.S. President Donald Trump appears on screen during an interview with CNBC at the World Economic Forum (WEF) meeting in Davos, Switzerland, as traders work on the floor of the New York Stock Exchange (NYSE) in New York City, USA, on January 21, 2026.
Brendan McDiarmid | Reuters
U.S. Treasury yields rose on Wednesday, led by higher oil prices, after President Donald Trump said at a NATO summit in Turkey that he believes the ceasefire with Iran is over.
yield of 10 year treasury The note, a key benchmark for mortgages, auto loans and credit card debt, was last up 6 basis points at 4.589%.
Short-term and long-term yields also rose. yield of 2 years treasury The note, which typically tracks the Fed’s short-term interest rate decisions, rose more than 5 basis points to 4.218%.
on the other hand, 30 year treasury The yield, which traditionally fluctuates in response to geopolitical events, rose more than four basis points to 5.084%.
One basis point is equal to 0.01%, or 1/100th of 1%, and yield and price are inversely proportional to each other.
Trump’s comments sent oil prices higher, leading to concerns of higher inflation and upward pressure on yields.
Oil prices continued to rise after the US attacked Iran on Tuesday and after President Trump threatened to attack Iran again late Wednesday.
“I’m giving them a little warning. We’re going to hit them hard tonight,” he said at a news conference with Ukrainian President Volodymyr Zelenskiy.
brent crude oil Futures, a benchmark for international prices, rose 7.4% to $79.68 per barrel. us West Texas Intermediate Futures The stock rose 7.2% to $75.48.
Traders are also waiting for the June Federal Open Market Committee meeting minutes to be released later on Wednesday to see how President Trump’s comments could affect borrowing costs in the long run, as well as for further insight into monetary policy under new Fed Chairman Kevin Warsh.
