Treasury yields tumble as Middle East tensions ease
📰 source: cnbc_topnews · 💼 business
treasury yields fell on monday after the u.s. and iran halted hostilities over the weekend, pushing energy prices lower. the 10-year yield dropped more than 3 basis points to 4.6406%, while the 2-year fell 2 basis points to 4.3030% and the 30-year slid more than 3 basis points to 5.1260%. yields and prices move inversely. oil prices reversed course sharply: wti crude fell 5.34% to $84.55, brent crude dropped 5.77% to $91.20 after nearing $100 last week.
traders now look ahead to the fed's wednesday rate decision, with consensus expecting no change at 3.75%. other data this week includes june core pce, quarterly gdp, and durable goods orders. the easing in yields and oil suggests reduced geopolitical risk, which could influence the fed's inflation outlook.
why it matters: falling yields and oil signal reduced geopolitical risk, potentially easing inflation pressures ahead of fed meeting.
source: cnbc_topnews
sentiment: +0.20 · impact: 0.60