Lates News

After the holiday break, the U.S. financial markets resumed trading as investors became more optimistic about a possible agreement between the U.S. and Iran, causing U.S. bond yields to decline across the board. The two-year U.S. Treasury bond yield fell by 7 basis points to 4.05%, the ten-year yield dropped by 7 basis points to 4.49%, and the thirty-year yield fell by 5 basis points to 5.02%. Earlier, President Trump mentioned that negotiations with Iran on extending the ceasefire and reopening the Strait of Hormuz were progressing smoothly. Abbas Keshvani, the director of Asian macro strategies at Royal Bank of Canada's capital markets in Singapore, said, "Given the disappointment from previous hopes of an agreement, the market will remain cautious. However, progress in negotiations could lead to further declines in energy prices and inflation expectations, thereby pushing down yields."