US Treasury yields extended their recent climb on August 31, with the 10-year yield touching 4.764%, its highest level since January 2025. The move came as rising oil prices lifted expectations for further Fed rate hikes, while broader selling pressure in Treasuries reflected concerns over government debt and inflation. Other maturities also moved higher, with the 5-year yield reaching its highest level since early last year. The 30-year yield rose 5 basis points to near 5.26%, though it remained below the multi-year high set in mid-August. Recent pressure intensified after Fed Chair Warsh said at Jackson Hole on Friday that the likelihood of rate hikes had increased to contain price pressures. On the same day, Trump said in a Fox News interview that the United States would respond with further strikes to Iran's attack on US troops.