The US 10Y Note Yield rose above 4.90% for the first time since November 2023. It is up 95 basis points since the Iran War began and has added another 10 basis points since the US Treasury said it was tripling long-term buybacks to $6. A basis point is one-hundredth of a percentage point, making the move equivalent to 0.95 percentage point since the conflict began and 0.10 percentage point since the buyback announcement.