Iran war likely to drive up inflation next year, CBO says, 10s +1bp · Tue 15 Sep 2026

Treasuries (close 2026-09-14): 2s 4.65% (+2.0bp), 10s 4.97% (+1.0bp), 30s 5.34% (-1.0bp).

Tape (close 2026-09-14): VIX 17.1, 2s10s +32bp.

Narrative: Euro declines against Canadian Dollar despite ECB rate hike hopes

What mattered:

• Iran war likely to drive up inflation next year, CBO says

• 10-year Treasury yield hits highest level since 2007, oil surges above $105 as Fed expected to hike interest rates

• Will Be 'Extremely Difficult 'For The FOMC To Not Raise Rates Says Richards

• Fed Chair Kevin Warsh Just Said the Quiet Part Out Loud About Inflation -- and History Says Investors Should Listen

• 20-year Treasury auction hits record yield as foreign demand plunges