The US treasury bond yields remain stable, while oil prices are far below the high point on Thursday.

The yield on U.S. Treasury bonds traded steadily, with the uncertainties brought by the ongoing Middle East conflict being offset by a sharp rise in oil prices in early trading on Thursday. The latest Brent crude oil futures for the nearby month were at $111.86 per barrel, higher than the previous trading day, but still well below the four-year high of over $126 per barrel reached in early trading on Thursday. Analysts at Deutsche Bank stated in a report that the decline in U.S. Treasury bond yields on Thursday was mainly due to easing concerns about inflation as oil prices fell. Trading was quiet, with European markets closed for the May 1st holiday. Tradeweb data showed that the yield on 10-year U.S. Treasury bonds barely changed, at 4.386%, much lower than the one-month high of 4.434% touched on Wednesday.