Treasury yields fall slightly amid optimism over possible Iran peace deal

Traders work on the floor of the New York Stock Exchange (NYSE) on December 2, 2025 in New York.

Spencer Platt | Getty Images News | Getty Images

Treasury yields fell slightly on Wednesday as investor optimism about a possible settlement to the Iran war was not dented by pressure on the fragile ceasefire between Washington and Tehran.

The yield on the 10-year U.S. Treasury note — the main benchmark for U.S. government borrowing — fell 1 basis point to 4.481%.

The yield on the 2-year Treasury note, which closely tracks the Federal Reserve’s short-term interest rate policy, also fell more than a basis point to 4.035%. The yield on the 30-year Treasury note also fell more than a basis point to 5.01%.

One basis point is 0.01%, and yields and prices move in opposite directions.

U.S. forces carried out what the Pentagon called “self-defense” strikes in southern Iran on Tuesday morning, targeting missile launch sites and Iranian ships that allegedly tried to deploy mines, even as Washington insisted it was still exercising restraint amid a ceasefire.

In response, Iran’s Foreign Ministry accused the United States of “blatant violation” of the terms of the ceasefire.

Oil prices fell on Wednesday as traders hoped for progress in peace negotiations between the United States and Iran. Brent crude futures closed 5.31% lower at $94.29 a barrel, while U.S. West Texas Intermediate crude futures lost 5.55% to settle at $88.68 a barrel.

Traders are keeping an eye on the April personal consumption expenditures price index reading, due at 8:30 a.m. Thursday morning. The report, the Federal Reserve’s preferred inflation gauge, is expected to show inflation moving away from the central bank’s 2% target.

Global sovereign bond markets generally recovered on Wednesday. British government bonds extended their relief rally that began Friday as investor concerns about domestic political developments began to ease.

— CNBC’s Sarah Min contributed reporting.

Make CNBC your favorite source on Google and never miss a moment from the most trusted name in business news.

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos