Treasury yields rise to 4.59% as oil price surge reignites inflation fears after Trump declares Iran ceasefire over

The yield on the 10-year Treasury note — the main benchmark for mortgages, auto loans and credit card debt — was last seen 6 basis points higher at 4.589%.

The yield on the 2-year Treasury note, which typically tracks short-term Federal Reserve interest rate decisions, was up by more than 5 basis points at 4.218%.

President Donald Trump said at the NATO summit in Turkey that he thinks the ceasefire with Iran is over.