US Treasury Bonds Rise Across the Board US and Iran Reach Peace Agreement

U.S. Treasury yields rose across the board as the United States and Iran announced they have reached an agreement to reopen the Strait of Hormuz. The 10-year Treasury yield fell by 5 basis points to 4.43%, while the 30-year yield fell by 3 basis points to 4.93%. The 2-year and 5-year yields both fell by 6 basis points, to 4.02% and 4.15%, respectively.