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TREASURIES RALLY ON HOPE OF US–IRAN DEAL U.S. Treasury prices jumped and yields fell after President Donald Trump said Washington and Tehra…

TREASURIES RALLY ON HOPE OF US–IRAN DEAL U.S. Treasury prices jumped and yields fell after President Donald Trump said Washington and Tehran were in the “final stages” of negotiations, raising hopes of easing tensions in global energy markets. Lower oil-price fears helped calm inflation concerns, pushing Treasury yields down by about 10 basis points and weakening the dollar. Traders also reduced bets on further Federal Reserve rate hikes. Despite the rally, long-term Treasury yields remain near multi-year highs as investors remain cautious about the durability of any potential US–Iran agreement.
TREASURIES RALLY ON HOPE OF US–IRAN DEAL U.S. Treasury prices jumped and yields…
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