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10-Year Yield Hits 4.71% as Markets Slide, War Costs $37.5B

7/24/2026

47 4 Full Breakdown

Summary

Story summary

U.S. 10-year Treasury yield rose to 4.71% on Thursday, its highest since Jan 2025.
Defense Secretary Pete Hegseth said the Iran war has cost the United States $37.5 billion.
JPMorgan CEO Jamie Dimon said he will not buy long-dated U.S. Treasuries now.
CME FedWatch puts the chance of a Federal Reserve rate hike next week at 36%.
The Dow fell 560 points (1.1%) while the Nasdaq dropped 2.5% as mortgage rates rose.

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Story summary

U.S. 10-year Treasury yield rose to 4.71% on Thursday, its highest since Jan 2025.
Defense Secretary Pete Hegseth said the Iran war has cost the United States $37.5 billion.
JPMorgan CEO Jamie Dimon said he will not buy long-dated U.S. Treasuries now.
CME FedWatch puts the chance of a Federal Reserve rate hike next week at 36%.
The Dow fell 560 points (1.1%) while the Nasdaq dropped 2.5% as mortgage rates rose.