1559 ET - Oil prices rose and the 2-year Treasury yield rose to its highest level in over a year exactly one week before the Federal Reserve releases its latest decision on interest rates. Brent crude traded more than $20 above its early-July lows as tensions escalated between the U.S. and Iran. Gasoline prices reached above $4 a gallon, raising inflation concerns. The 2-year yield rose to 4.301%, the highest yield since February 2026 last year. The 10-year yield rose to 4.657%, the second highest level this year. Markets could get more clarity after July's interest rate meeting, as the Fed announced Chairman Kevin Warsh will hold a press conference next week following the meeting as usual. (jessica.coacci@wsj.com)
(END) Dow Jones Newswires
July 22, 2026 15:59 ET (19:59 GMT)
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