Treasury Yields Drop Amid Reports of U.S.-Iran Peace Plan
U.S. Treasury yields fell sharply early Wednesday as reports of a potential peace plan between the U.S. and Iran fueled optimism about de-escalation in the Middle East. The 10-year Treasury yield dropped to 4.0075%, while the 2-year and 30-year yields also declined. Energy prices dropped below $100 a barrel as tensions eased.
Topics: economic data energy prices Middle East conflict Treasury yields U.S. foreign policy