U.S. Treasury Yields Edge Up Amid as Mideast Tensions Rise Pre-Fed -- Market Talk

0523 GMT - U.S. Treasury yields edge higher as oil rises after Iran launched a ballistic-missile attack on American forces in the Middle East in a sudden escalation after several days without strikes from either side. Meanwhile, markets expect the Federal Reserve to stay on hold, amid risks of a hike, which is priced in with a 31.5% probability by markets, according to LSEG data. "Our base case remains that the Fed stays on hold in July and through the end of 2026," Principal Asset Management's Seema Shah says in a note. Recent inflation data and contained inflation expectations give policymakers scope to wait for greater clarity before acting, the chief global strategist says. The 10-year Treasury yield is up 0.6 basis points at 4.609%, according to Tradeweb. (emese.bartha@wsj.com)

(END) Dow Jones Newswires

July 29, 2026 01:23 ET (05:23 GMT)