U.S. Treasury Yields Rise Amid Hormuz Strait Closure

On May 15, Jin10 reported that the Hormuz Strait remains effectively closed, contributing to ongoing inflation concerns. According to Jin10, during the Asian trading session, U.S. Treasury yields increased. Tradeweb data shows that the yield on the U.S. two-year Treasury note reached 4.064%, marking its highest level since February 2025. The yield on the 10-year Treasury note rose to a one-year high of 4.530%, while the 30-year Treasury yield climbed to 5.071%, the highest since July 2025. After reaching these levels, yields slightly retreated but remained 6-8 basis points higher than the previous trading day.