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Items tagged with: Treasury
When the #US & #Israel attacked #Iran, setting off an #energy crisis & raising new #inflation concerns in #FinancialMarkets. The result has been a jump in the yield on government bonds, & falling expectations for #InterestRate cuts later this year. The yield on the 10-year #Treasury note, which acts as a broad reference interest rate that underpins the US #mortgage market, climbed to 4.25% Thursday, up from below 4% before the war began.
The exemptions, which were issued by the #Treasury Dept, will be in place until April 11. Treasury Secy Scott Bessent estimated that freeing Russian #oil could add hundreds of millions of barrels of crude to global markets [& enrich #Russia], curbing prices that have been hovering near $100 per barrel as a result of the #Iran #war.
The decision was a significant turning point in America’s effort to punish Russia for its war in #Ukraine.