On Friday, the yield on the 2/10-year US Treasury bond rose by about 4 basis points as investors weighed the inflation risk posed to the US by the conflict with Iran affecting oil prices.
On Friday in the New York session, the yield on the benchmark 10-year US Treasury bond rose by 3.95 basis points to 4.3987%, with a cumulative decrease of 10.69 basis points for the week, falling from 4.5156% on Monday to 4.3082% by Friday. The safe-haven demand brought about by Israel's attack on Iran was weak and short-lived, and the surge in oil prices has shifted investors' focus towards US inflation risks.
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