US Treasury yields climbed Friday as hawkish central bank signals and Brent
crude above $100 dampened expectations for Fed rate cuts. Two-year yields rose
to 3.83%, five-year to 3.91%, down from 61 basis points of expected easing
pre-Iran war to just three now. Capital Economics’ James Reilly said inflation
pressures make rate cuts unlikely soon. The Fed, ECB, and BoE held rates but
signaled readiness to act against inflation amid Middle East uncertainty.