Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., March 2, 2026.
Brendan McDermid | Reuters
U.S. Treasury yields on Tuesday rose as investors continued to assess the ongoing war in the Middle East.
The benchmark 10-year Treasury yield rose almost 4 basis points to 4.09%. The 30-year Treasury bond added more than 2 basis points to a yield of 4.723%. The yield on the 2-year Treasury note was up over 4 basis points at 3.531%.
One basis point equals 0.01%, and yields move inversely to prices.
The U.S.-Iran war is intensifying as it enters its fourth day, with the American Embassy in Riyadh attacked Tuesday and President Donald Trump cautioning that the conflict may last far longer than the four weeks he initially projected.
Israel said it was striking both Iran and Lebanon at the same time after Tehran-backed Hezbollah launched missiles and drones toward Tel Aviv.
Markets have shifted firmly into risk-off mode, pressuring global equities. U.S. futures and Asian stocks declined Tuesday, while gold futures climbed on safe-haven demand before spot prices pared gains.
Fears of an energy supply disruption have mounted after reports that Iran closed the Strait of Hormuz and warned it would fire on vessels attempting to pass through the strategic chokepoint, pushing oil prices higher.