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2026-05-29 21:07:47
[US and Iran Close to Agreement on Reopening Strait of Hormuz; US Treasury Yields May Fall Sharply Monthly; Oil Prices Under Pressure and Fall Below $90] ⑴ US Treasury yields are expected to fall sharply this month as the market anticipates a potential agreement between the US and Iran to reopen the Strait of Hormuz. The 10-year yield is at 4.447%, down from 4.454% yesterday, while the two-year yield has slightly declined from 4.024% to 4.021%. ⑵ Crude oil futures fell, with WTI oil prices falling below $90 per barrel. The Wall Street Journal Dollar Index gave up overnight gains and remained flat. Market focus shifts to next week's employment data, including the final non-farm payroll report before the Fed's June 17 meeting.
