Oil Surge Pushes 2-Year Treasury Yield to 17-Month Peak, Curve Keeps Steady
The two-year U.S. Treasury yield hit a peak not seen since February 2025 on Monday, as oil jumped again. Traders bet the Fed could hike rates one more time. Brent crude surged 4.5% to $79.43 when new U.S.-Iran attacks raised alarms over shipping risk at the Strait of Hormuz.