Treasury Yields Swing

2026-03-23 11:39 By Joana Taborda 1 min. read

The yield on the US 10-year Treasury note swung as traders digested the latest developments in the conflict with Iran.

President Trump said the US and Iran had held “productive” talks, prompting him to order a five-day pause on strikes against key Iranian energy infrastructure.

The move follows a 48-hour deadline previously given to Iran to fully reopen the Strait of Hormuz, which was set to expire later today.

However, Iran’s Fars News Agency said there has been no communication with the US, either directly or via intermediaries.

The benchmark yield initially fell after President Trump’s announcement but later reversed course, rising back to 4.39%, its highest level since July last year.

Persistent concerns about inflation, driven by a surge in oil prices, have led traders to scale back expectations for Federal Reserve rate cuts this year.



News Stream
Treasury Yields Swing
The yield on the US 10-year Treasury note swung as traders digested the latest developments in the conflict with Iran. President Trump said the US and Iran had held “productive” talks, prompting him to order a five-day pause on strikes against key Iranian energy infrastructure. The move follows a 48-hour deadline previously given to Iran to fully reopen the Strait of Hormuz, which was set to expire later today. However, Iran’s Fars News Agency said there has been no communication with the US, either directly or via intermediaries. The benchmark yield initially fell after President Trump’s announcement but later reversed course, rising back to 4.39%, its highest level since July last year. Persistent concerns about inflation, driven by a surge in oil prices, have led traders to scale back expectations for Federal Reserve rate cuts this year.
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