Treasury yields jump to one-year high as Trump Iran comments and oil spike reprice inflation fears

China told Iran to reopen the Strait of Hormuz

Longer-dated U.S. Treasury yields rose to their highest levels in a year as oil prices climbed and renewed fears of Middle East energy disruptions intensified inflation worries. Friday’s jump followed comments from President Donald Trump and Iran’s foreign minister, which dimmed hopes for a quick deal to end attacks and seizures near the Strait of Hormuz. Investors were further spooked by fresh inflation data showing energy impacts already boosting both consumer and producer prices, pushing yields up across the curve.