investors monitor Iran war and soaring oil price
Signs show gasoline prices at stations in Chicago, Illinois, on March 2, 2026.
Scott Olson | Getty Images
U.S. Treasury yields rose on Monday as oil prices rose above $100 a barrel and inflation fears rose among investors.
Benchmark 10-year Treasury yields rose more than 4 basis points to 4.175%, while the 30-year Treasury yield rose more than 3 basis points to 4.787%. The 2-year Treasury bill yield rose 5 basis points to 3.606%.
One basis point equals 0.01%, and yields and prices move in opposite directions.
Investors are watching oil prices rise more than 25 percent to more than $110 a barrel earlier, raising concerns about rising energy costs and a rise in inflation.
West Texas Intermediate later pulled back and was last traded around $102 per barrel, while global benchmark Brent traded at $104 per barrel.
The rise in oil prices comes after the Middle East’s leading oil producers Kuwait, Iran and the UAE cut oil production following the de facto closure of the Strait of Hormuz during the war. G7 finance ministers are expected to hold a meeting at 8:30 a.m. EST to discuss the potential issue.
Elsewhere, investors are awaiting a busy week of economic data, including February inflation data on Wednesday, the personal consumption expenditures index and JOLT’s January business opening numbers on Friday.
Additionally, Federal Reserve officials are currently in a pre-meeting blackout period ahead of its interest rate decision in March.
