U.S. Treasury Yields Slide as Oil Falls Sharply, Mideast Diplomacy Returns
Dow Jones
Aug 03
0530 GMT - U.S. Treasury yields slide in Asian trade as oil prices fall on improved outlook for a solution in the Middle East. After days of threats to launch a new offensive against Iran, U.S. President Trump is prioritizing diplomacy and has said new talks with Iran will begin on Monday. Brent oil is down 7.65% at $83.23 per barrel, leading to a 4-6 basis point fall in Treasury yields across maturities. The 10-year yield is down 5.3 basis points to 4.690%, while the 30-year yield is down 4 basis points to 5.235%, according to Tradeweb.
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