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US Bond Yields Pull Back as Trump Suspends Strikes on Iran Energy Grid
(MENAFN) US Treasury yields pulled back sharply Monday after reaching their highest levels in roughly ten months, as President Donald Trump announced a five-day suspension of all strikes targeting Iran's power plants and energy infrastructure.
The two-year yield, which had climbed as high as 4.01%, retreated to 3.87% as of 1140 GMT, while the five-year note eased to 3.98% from an earlier peak of 4.10%. The closely watched 10-year benchmark similarly cooled, slipping to 4.34% after touching 4.44%.
The reversal in yields tracked directly to Trump's announcement that he had ordered the temporary halt in offensive operations, citing what he described as constructive diplomatic engagement with Tehran over the preceding 48 hours.
In a post published on his social media platform Truth Social, Trump stated: "I am pleased to report that the United States of America and the country of Iran have had, over the last two days, very good and productive conversations regarding a complete and total resolution of our hostilities in the Middle East."
The pause, Trump indicated, was extended in recognition of what he characterized as "very good and productive" dialogue — a signal that markets interpreted as a meaningful de-escalation in one of the region's most volatile flashpoints, sending yields swiftly lower across the curve.
The two-year yield, which had climbed as high as 4.01%, retreated to 3.87% as of 1140 GMT, while the five-year note eased to 3.98% from an earlier peak of 4.10%. The closely watched 10-year benchmark similarly cooled, slipping to 4.34% after touching 4.44%.
The reversal in yields tracked directly to Trump's announcement that he had ordered the temporary halt in offensive operations, citing what he described as constructive diplomatic engagement with Tehran over the preceding 48 hours.
In a post published on his social media platform Truth Social, Trump stated: "I am pleased to report that the United States of America and the country of Iran have had, over the last two days, very good and productive conversations regarding a complete and total resolution of our hostilities in the Middle East."
The pause, Trump indicated, was extended in recognition of what he characterized as "very good and productive" dialogue — a signal that markets interpreted as a meaningful de-escalation in one of the region's most volatile flashpoints, sending yields swiftly lower across the curve.
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