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2026-05-26 08:31:19
[US Treasury yields fall across the board as market remains optimistic about a potential US-Iran deal] (1) US financial markets resumed trading after a holiday break, with yields falling across the board as investors became more optimistic about a possible US-Iran deal: the two-year yield fell 7 basis points to 4.05%, the ten-year yield fell 7 basis points to 4.49%, and the thirty-year yield fell 5 basis points to 5.02%. (2) Trump said negotiations with Iran on a temporary agreement to extend the ceasefire and reopen the Strait of Hormuz were "progressing well." (3) Abbas Keshwani, an analyst at RBC Capital Markets, said the market will remain cautious given previous disappointments in hopes of a deal; however, progress in negotiations could lead to further declines in energy prices and inflation expectations, thus depressing yields.
