0553 GMT - U.S. Treasury yields decline in Asian trade as oil prices also move lower, both extending Monday's moves. Higher demand for U.S. Treasurys--which causes prices to rise and yields to fall--and the decline in oil prices come as U.S.-Iran diplomacy aimed at a short-term solution in the Middle East war has accelerated. The reaction in the bond market to declining oil prices has so far been modest but given the uncertainty surrounding the war in the Middle East, "the bond market seems to be careful in 'correcting' too much," Danske Bank's Joel Rossier says in a note. The two-year Treasury yield falls 1.7 basis points to 4.305%, while the 10-year yield declines 1.1 basis points to 4.630%, according to Tradeweb data. (emese.bartha@wsj.com)

(END) Dow Jones Newswires

July 28, 2026 01:53 ET (05:53 GMT)

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