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Economy — Federal Reserve — Trade — Banking — Iran — World Affairs

How Are Iran Talks Affecting Oil Prices And Bond Markets

The benchmark 10-year Treasury yield slipped to 4.688%, while the two-year and 30-year Treasury yields also moved lower

,   and  TIPP Staff
2 min read
Photo by Dan Dennis / Unsplash

Treasury yields declined on Monday as oil prices fell amid renewed hopes of easing tensions between the United States and Iran, according to the report.

The benchmark 10-year Treasury yield slipped to 4.688%, while the two-year and 30-year Treasury yields also moved lower. The decline followed President Donald Trump's statement that negotiations with Iran would resume after the United States postponed planned military strikes at the request of Gulf allies.

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However, the report said Iranian Foreign Ministry spokesperson Esmail Baghaei denied that direct talks with Washington were scheduled, stating that Tehran is only holding discussions with Oman over the Strait of Hormuz.

Last week, Treasury yields had climbed after the Federal Reserve kept interest rates unchanged and several policymakers argued for higher rates to curb inflation.

According to Principal Asset Management strategist Seema Shah, investors remain concerned about whether Fed Chairman Kevin Warsh will act decisively if inflation stays elevated. Markets are also awaiting July manufacturing PMI data.

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