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Treasury revenues steady amid Iran-US peace hopes
U.S. 10-year Treasury bond yields settled at 4.471%, while 2-year bond yields stood at 4.075%, and 30-year bond yields rose to 4.965%. This comes amid reports of a draft agreement between Washington and Tehran that includes reopening the Strait of Hormuz and lifting oil sanctions, leading to a decline in borrowing costs and global oil prices. Additionally, global markets experienced a decrease in bond yields and energy prices amid anticipation of developments in geopolitical tensions and the possibility of reaching a peace agreement.
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