Treasury Yields Slide to One-Month Low After Announcement of Preliminary Iran Deal
U.S. Treasury yields dropped to the lowest levels in a month following an announcement of a preliminary agreement to end hostilities between the U.S. and Iran. The 10-year yield fell to 4.4197% before settling slightly higher, while the two-year yield retreated to 4.031%. The Strait of Hormuz is set to reopen and oil prices fell sharply, reflecting…