US Treasury Yields Climb on Middle East Tensions and Rising Energy Prices

US Treasury bond prices fell as geopolitical risk in the Middle East intensified, pushing the 10‑year yield up to about 4.60%. The escalation around the Hormuz Strait and a renewed U.S. naval blockade raised oil prices, which in turn heightened inflation expectations and put pressure on the bond market. Investors are watching upcoming U.S. consumer‑price data and a testimony by Fed policy official Kevin Warsh for clues on future rate moves.

At the same time, precious‑metal markets slipped, with silver dropping more than 2% and trading in a range of $55.50‑$62.50 per ounce. The broader bearish tilt reflects the same energy‑driven inflation worries that are lifting Treasury yields. Traders are awaiting the U.S. CPI report on Tuesday for further insight into the Federal Reserve’s rate outlook.