Economic TimesLean R·
US Treasury yields fall as oil retreats on Iran deal hopes, Fed hike bets ease
On Tuesday, US Treasury yields saw a decline following a sharp drop in oil prices. As optimism regarding a resolution to the Iran conflict grew, inflation worries lessened. Consequently, traders adjusted their predictions for a Federal Reserve interest rate increase in September, leading to significant reductions in two-year and ten-year Treasury yields. The Treasury Department is expected to announce its borrowing plans soon.
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