ChainCatcher reported that oil prices moved higher during the day as peace talks between the United States and Iran stalled, with U.S. Treasury yields also rising. The 2-year Treasury yield increased by 4.4 basis points to 4.907%. The 10-year Treasury yield rose by 2.8 basis points to 5.208%, while the 30-year Treasury yield added 1.7 basis points to 5.518%. The move linked higher oil prices with a broad rise in benchmark U.S. government bond yields during the session, according to the newsflash.
Oil prices moved higher during the day after U.S.-Iran peace talks stalled, and U.S. Treasury yields also climbed, according to ChainCatcher.
The 2-year U.S. Treasury yield rose 4.4 basis points to 4.907%. The 10-year yield increased 2.8 basis points to 5.208%, and the 30-year yield gained 1.7 basis points to 5.518%.
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