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Treasury Yields Spike as Brent Crude Tops $100

7/23/2026

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Story summary
  • Treasury yields rose as Brent crude passed $100 per barrel amid renewed U.S.–Iran tensions.
  • The 10-year yield hit 4.71%, its highest since January 2025, with the 30-year at 5.185%.
  • Fed-funds futures price an 82% chance of a September rate hike, up from 52% a week earlier.
  • JPMorgan CEO Jamie Dimon said he would not buy long-dated Treasuries at current prices because of inflation and deficit worries.