Treasury bonds decline as Kevin and Worch prepare their initial cash test
U.S. Treasury yields for 10- and 30-year bonds declined to new levels, as investors awaited the Federal Reserve's monetary policy meeting under the leadership of Kevin Worch, where interest rates are expected to be kept steady between 3.50% and 3.75%. The decline came after the announcement of a tentative peace agreement between Washington and Tehran, opening the way for an extension of the ceasefire and the reopening of the Strait of Hormuz to navigation. Additionally, U.S. President Trump indicated that the signing ceremony for the agreement would take place on Friday in Geneva.
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