Treasury Yields Little Changed

2026-04-01 12:54 By Joana Taborda 1 min. read

The yield on the US 10-year Treasury note was little changed at 4.31% at the start of April, after rising nearly 37bps in March, as traders weighed tentative signs that the war with Iran could be nearing an end.

President Trump said he expected the conflict to conclude within 2 to 3 weeks, later adding that Iran had requested a ceasefire and that the US would consider it once the Strait of Hormuz is open, secure, and fully operational.

These developments have helped pull oil prices back from recent highs.

Still, uncertainty remains, with the Strait of Hormuz largely closed and attacks continuing across the Gulf.

On the data front, fresh ADP figures showed the private sector added 62K jobs in March, well above forecasts of 40K, while retail sales rose a stronger-than-expected 0.6% in February, signs that the US economy remains resilient.

Traders largely expect the Fed to keep the fed funds rate unchanged this year, although the probability of a rate cut has increased.



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