US Treasury bond yields fell as markets hoped for peace.

As the global market senses that the United States and Iran may be close to reaching an agreement, cautious optimism has reignited, boosting demand for US treasuries and lowering yields. Crude oil futures fell by more than 4%, while the Wall Street Journal Dollar Index rose by 0.1%. There are still significant differences between the negotiating parties, but speculation about a possible meeting tomorrow has sparked cautious hope that restrictions in the energy market may come to an end. Investors continue to bet that the Federal Reserve will temporarily hold off on making any moves. The yield on 10-year US treasuries dropped from 4.390% yesterday to 4.348%, while the yield on 2-year US treasuries fell from 3.926% to 3.896%.