Treasury yields are broadly flat as investors mull uncertainty around peace talks
The yield on the 10-year U.S. Treasury note — the key benchmark for U.S. government borrowing — was flat at 4.686%.
On Tuesday, U.S. Treasury yields remained broadly flat amid investor uncertainty surrounding Middle East peace talks. The 10-year U.S. Treasury note, a key benchmark for U.S. government borrowing, stayed flat at 4.686%. The 2-year Treasury note yield, reflecting short-term Federal Reserve interest rate policy, was also flat at 4.250%, while the 30-year Treasury bond yield held steady at 5.232%.
One basis point equals 0.01%, and yields and prices move inversely. The 30-year Treasury yield hovered near its highest level since 2007, following a "hawkish hold" from Federal Reserve interest rate setters the previous week. Uncertainty over the state of U.S.-Iran negotiations continues to unsettle investors, with conflicting reports about the progress of talks keeping them on edge.
President Donald Trump has declared the latest round of negotiations with Iran to be the "last chance" to end the five-month conflict, yet Iran denies any direct negotiations or future plans. Economic indicators due for release on Tuesday include JOLTs job openings and international trade figures for the month.
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