During Asian trading hours, the yield on the 10-year US Treasury note fell below 4%, hitting its lowest level in three months as investors continued to monitor geopolitical developments. Michael Brown of Pepperstone noted in a report that the recent round of US-Iran talks in Geneva has served as a catalyst for broad-based risk reduction. However, at least for now, the yield is unlikely to sustain a drop below the 4% threshold. The senior research strategist stated that the market remains largely within a long-term range. He added that if the 10-year yield closes below 4.00%, Treasury bulls could gain some control in the near term. According to Tradeweb, the 10-year US Treasury yield was last quoted at 3.997%, down 1.9 basis points.