Treasury Yields Drop as U.S. and Iran Agree Temporary Reopening of Strait of Hormuz
U.S. Treasury yields fell sharply after Iran and the United States announced that commercial traffic through the Strait of Hormuz would be temporarily allowed following a pause in fighting tied to a 10-day ceasefire between Israel and Lebanon. Comments from Iranian Foreign Minister Abbas Araghchi and U.S. President Donald Trump, along with reports …