10-Year US Treasury Yield Expected to Rise Amid Geopolitical Risks, Eastern Gold Credit Says

According to ChainCatcher, Eastern Gold Credit released a research report predicting that the 10-year U.S. Treasury yield will trend upward amid renewed geopolitical risks. The report cites escalating U.S.-Iran tensions and Iran's announcement of closing the Strait of Hormuz, which are expected to drive international oil prices higher, fueling market inflation and rate hike expectations. Additionally, Federal Reserve Chair Kevin Warsh is scheduled to testify before Congress this week. The report anticipates his testimony will carry a hawkish tone, conveying a message of controlling inflation, which could push real interest rates higher. Overall, Eastern Gold Credit believes the central tendency of the 10-year U.S. Treasury yield is likely to continue rising.