US 10-Year Yield Tests 4.81% Resistance; 5% Level in Focus

The US 10-year Treasury yield has climbed above 4.75%, driven by Warsh's Jackson Hole speech repricing near-term Fed expectations and renewed US-Iran escalation pushing long-end yields higher via inflation concerns. The 4.81% level is critical resistance; a break above it could target 5%. Traders should monitor geopolitical developments and Fed communications for directional confirmation.