{"id":848633,"date":"2026-08-06T21:46:20","date_gmt":"2026-08-06T21:46:20","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/848633\/"},"modified":"2026-08-06T21:46:20","modified_gmt":"2026-08-06T21:46:20","slug":"hormuz-ship-ban-triggers-a-jump-in-us-yields-fuels-fed-hike-bets","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/848633\/","title":{"rendered":"Hormuz ship ban triggers a jump in US yields, fuels Fed hike bets"},"content":{"rendered":"<p>US Treasury yields climb along the curve on Thursday as media reports that the Iran-Oman deal would ban US and Israeli ships from entering the Strait of Hormuz drive crude prices higher, while traders await the latest employment report.<\/p>\n<p>US yields climb as Iran-linked shipping risks lift crude prices, reinforcing inflation concerns before NFP<\/p>\n<p>Fars <a href=\"https:\/\/www.fxstreet.com\/news\" data-fxs-autoanchor=\"\" rel=\"nofollow noopener\" target=\"_blank\">News<\/a> agency reported that Iran is blocking US and Israeli vessels from entering Hormuz, triggering a jump in Oil prices. West Texas Intermediate (WTI), the US crude benchmark, rises by over 2.85%, trading at around $76.45 per barrel.<\/p>\n<p>At the same time, reports of attacks on Saudi tankers in the Red Sea keep investors uneasy as Houthis continued to launch strikes against Saudi Arabia.<\/p>\n<p>Money markets continued to speculate that the <a href=\"https:\/\/www.fxstreet.com\/macroeconomics\/central-banks\/fed\" data-fxs-autoanchor=\"\" rel=\"nofollow noopener\" target=\"_blank\">Federal Reserve<\/a> (Fed) would raise rates at the September meeting. The odds stand near 58% for a 25 basis points (bps) rate hike, while there\u2019s a 42% chance for keeping rates at the current 3.50%\u20133.75% range, according to Prime Terminal.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/ca\/wp-content\/uploads\/2026\/08\/image-1786039894044.png\" alt=\"\" width=\"800\" height=\"600\" class=\"\" loading=\"lazy\"\/>Source: Prime Terminal<\/p>\n<p>The US 10-year Treasury note is yielding 4.672%, up nearly six basis points, a signal that market participants had begun to price in a possible jump in inflation, which would warrant a rate hike by the Fed.<\/p>\n<p>On Wednesday, San Francisco Fed President Mary Daly said she favors keeping monetary policy unchanged and that the central bank needs to gather additional data before committing to a decision. Meanwhile, Fed Governor Lisa Cook stated that she supported holding <a href=\"https:\/\/www.fxstreet.com\/rates-charts\/rates\" data-fxs-autoanchor=\"\" rel=\"nofollow noopener\" target=\"_blank\">rates<\/a>, but added that if disinflation stalls, she would be ready to act.<\/p>\n<p>Data-wise, the US economic schedule showed that the labor market remains solid, as Initial <a href=\"https:\/\/www.fxstreet.com\/economic-calendar\" data-fxs-autoanchor=\"\" rel=\"nofollow noopener\" target=\"_blank\">Jobless Claims<\/a> for the week ending August 1 came at 199K, below the 202K forecast by analysts. The US Challenger job cuts showed that layoffs dropped to a two-year low in July, consistent with a stable labor market.<\/p>\n<p>Traders&#8217; focus shifts to Nonfarm Payrolls, which are expected to come at 80K, almost double June\u2019s print. Alongside this, the Unemployment Rate is projected to remain steady at 4.2%.<\/p>\n<p>US Treasury yields \u2013 chart<img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/ca\/wp-content\/uploads\/2026\/08\/image-1786039935633.png\" alt=\"\" width=\"800\" height=\"600\" class=\"\" loading=\"lazy\"\/>US yields<\/p>\n","protected":false},"excerpt":{"rendered":"US Treasury yields climb along the curve on Thursday as media reports that the Iran-Oman deal would ban&hellip;\n","protected":false},"author":2,"featured_media":848634,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[45,49,48,46],"class_list":["post-848633","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-ca","tag-canada","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/848633","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=848633"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/848633\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/848634"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=848633"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=848633"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=848633"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}