Economic TimesLean R·
US Stock Market: Treasury yields pare gains as Iran comments dampen hopes for Strait of Hormuz deal
US Treasury yields pared gains as hopes for a U.S.-Iran agreement faded after Tehran indicated the Strait of Hormuz would remain closed unless Washington met its demands. Markets are now awaiting July CPI data for clues on Federal Reserve policy, with any upside surprise potentially putting renewed pressure on Treasury yields.
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