0921 ET - A selloff in the Treasury market continues, sending yields higher, as traders remain concerned about the inflation impact of the war in Iran and implications for the Fed's policy response. With the risk of more escalation ahead, "we suspect investors will be very wary of carrying a Treasury long into the weekend," Ian Lyngen of BMO writes. The medium-term path for the market is less clear, but Lyngen says he is "near-term nervous that the selloff hasn't fully run its course and that developments in the Middle East could justify another leg higher in global yields." The benchmark 10-year yield has reached 4.307%, versus 4.281% Thursday. The 2-year yield is at 3.873%, up from 3.830%. (matt.grossman@wsj.com; @mattgrossman)
(END) Dow Jones Newswires
March 20, 2026 09:21 ET (13:21 GMT)
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