Rising oil prices put pressure on the market to lower interest rate expectations, while US bond yields continue to rise.

Finance app Zhitong learned that due to the market's expectation of rising oil prices prompting Federal Reserve decision-makers to express caution about further interest rate cuts at this week's meeting, US Treasury prices fell in response. On Monday, US Treasury prices briefly narrowed their losses, while crude oil prices also declined. Prior to this, it was reported in the media that Iran expressed hopes of ending conflicts with Israel. Nevertheless, yields on various maturities of US bonds still increased by 2 to 6 basis points.