The yield on the 10-year US Treasury note held around 4.14% on Wednesday after facing heightened volatility earlier in the week, as investors awaited a key US inflation reading that could provide insight into recent price trends, though it is not yet expected to capture the impact of the Iran war. Traders also monitored developments in the Middle East amid mixed signals from the Trump administration. President Donald Trump said the conflict could end soon amid mounting market pressure, while senior officials indicated that military operations were intensifying and that diplomatic talks remained unlikely. Iran’s Revolutionary Guards also dismissed Trump’s claims, warning that the blockade would continue until US and Israeli attacks cease. Meanwhile, oil prices declined further after reports that the IEA proposed the largest release of oil reserves in its history to help stabilize markets.
