The yield on the 10-year U.S. Treasury note climbed to 4.558% on Monday, marking a rise of more than one basis point as investors weighed persistent geopolitical risks against a lack of domestic economic data.

The move reflects a market environment where geopolitical uncertainty continues to drive pricing dynamics.

With no major U.S. macroeconomic releases scheduled for the session, traders are focusing on external shocks rather than domestic fundamentals.

The absence of high-impact data has shifted attention to the broader risk landscape, particularly developments in the Middle East.

This repricing follows a pattern seen earlier in the week, where yields climbed as markets digested Federal Reserve minutes while simultaneously grappling with intensifying regional tensions.

The dual pressure of policy expectations and geopolitical risk has kept the curve volatile, with investors adjusting positions to account for potential supply disruptions or energy price spikes.