U.S. Treasury Yields Fall as Strait of Hormuz Reopening May be Near
Dow Jones
Aug 05
0545 GMT - U.S. Treasury yields extend Tuesday's decline as oil prices retreat further after Treasury Secretary Scott Bessent said Tuesday that a deal with Iran to reopen the Strait of Hormuz may be near. Brent oil last trades 0.6% lower at $78.89, having slid more than 5% on Tuesday. The fall in U.S. Treasury yields is more pronounced on the intermediate segment and the long end of the curve than on the short end. The two-year yield falls 0.7 basis points to 4.186%, the 10-year yield declines 2.9 basis points to 4.598% and the 30-year yield falls 3.5 basis points to 5.154%, according to Tradeweb.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.