Oil Prices Jump, Treasury Yields Firm With Bessent Set To Calm 'Fever'

The 10-year Treasury yield held near a 9-month high 4.8% early Wednesday as crude oil futures surged on the intensifying U.S.-Iran conflict. With long-term yields testing their highest level of President Donald Trump's second term in office, Treasury Secretary Scott Bessent is set to reveal the scope of his initial attempt to calm what he described as a growing threat…