10-year Treasury yield posts biggest monthly rise since late 2024 as oil and inflation fears build

Treasury yields rose in March 2026 by the most in a month since late 2024, as the Iran conflict pushed oil higher and inflation worries grew. Markets removed expectations for Fed rate cuts in 2026 as the closed Strait of Hormuz kept energy prices elevated. The move reflected both inflation risk and a repricing of the Fed path, which matters for equity valuations and gold.

• 10-year yield: biggest monthly increase since late 2024 (no basis-point figure reported)
• Expectations for 2026 Fed rate cuts were largely priced out
• Manufacturing prices-paid index hit 78.3 in March, highest since mid-2022