U.S. Treasury yields and the dollar were little changed on Tuesday amid the risk of renewed escalation in the Iran conflict and U.S. inflation data that broadly matched expectations. According to Jin10, the annual headline CPI rate for May accelerated to 4.2% from 3.8% in April, while core inflation excluding food and energy edged up to 2.9% from 2.8% the prior month.
Markets expected the Federal Reserve to keep interest rates unchanged next week, while assigning a high probability to further rate hikes later.
The report also said the United States launched an attack on Iran, and U.S. President Donald Trump said negotiations with Tehran were taking too long.
At the time of the update, the U.S. dollar index (DXY) was near 99.90. The 10-year U.S. Treasury yield stood at 4.526% and the 2-year yield was 4.127%, both little changed from the previous day.
U.S. Dollar and Treasury Yields Hold Steady as May CPI Rises and Iran Tensions Persist
2026-06-10 13:09:40
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