Traders work on the floor of the New York Stock Exchange during morning trading on April 20, 2026 in New York City.
Michael M. Santiago | Getty Images
US Treasury yields rose at the start of the new trading week as traders reacted to geopolitical developments surrounding the Iran war and braced for the latest inflation data to be released on Tuesday ahead of a meeting between President Donald Trump and Chinese Premier Xi Jinping in Beijing later this week.
yield of 10 years US Treasury The note, a key measure of government borrowing, rose more than 1 basis point to 4.378%.
of 2 year Treasury bill Yields, which are more sensitive to the Fed’s short-term interest rate policy, rose almost 2 basis points to 3.912%. longer date 30 year government bond The yield rose more than 1 basis point to 4.959%.
One basis point equals 0.01%, and yields and prices move in opposite directions.
The picture on the Iran war grew murkier on Monday amid signs that the peace deal that boosted markets last week may stall. President Trump denounced Iran’s counter-offer to end the 10-week conflict as “totally unacceptable,” and Iranian President Masoud Pezeshkian said Iran “will never bow down” to its enemies.
Oil prices edged toward $100 a barrel in early trading Monday. West Texas Intermediate Futures It ended up rising nearly 2% to nearly $97 per barrel.
The April Consumer Price Index report, due out this Tuesday at 8:30 a.m. ET, will be key. Seasonally adjusted year-over-year inflation is expected to rise to 3.7% from 3.3% in March, according to a survey of economists compiled by FactSet. Excluding volatile food and energy prices, inflation is expected to rise to 2.7% in April from 2.6% the previous month.
In any case, consumer prices have risen far above the Federal Reserve’s goal of keeping retail inflation below 2%.
The job market beat expectations in April, with nonfarm payrolls reported on Friday up 115,000, down from 185,000 in March but well above the 55,000 expected by economists polled by Dow Jones. The unemployment rate remained unchanged at 4.3%.
Chicago Fed President Austan Goolsby said the employment situation is “not great, but stable.” “There’s not a lot of evidence that the job market is collapsing,” he told CNBC, but acknowledged that employment rates remain low.
