1546 ET - Treasury yields rise as oil futures rally nearly 10% after President Trump revived the naval blockade in Hormuz. June CPI is due tomorrow and expected to reflect a decline in energy costs linked to peace talks. That decline is greatly undone by the recent escalade in tensions. The WSJ Dollar Index rises 0.2%. Tradeweb notes the one-year yield, at 4.114%, is exceptionally higher than the Fed's 3.50%-3.75% policy target, underpinning the prospect of rate hikes. Fed Chairman Warsh has his first congressional hearing tomorrow. The 10-year yield rises 0.042 percentage point to 4.610%. The two-year increases 0.054 p.p. to 4.261%, the highest since February 2025. (paulo.trevisani@wsj.com; @ptrevisani)
(END) Dow Jones Newswires
July 13, 2026 15:46 ET (19:46 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.

