Bonds
Treasury Yields Fall From Highs as Trump Talk Spurs Slide in Oil
Iran's main oil export terminal on Kharg Island.
Photographer: Fatemeh Bahrami/Anadolu/Getty ImagesUS Treasuries rebounded on Monday, recovering from earlier losses to stage gains in a volatile trading session after President Donald Trump eased his threats against Iran and oil prices fell.
Two-year Treasury yields plunged almost a quarter point from their Monday peak above 4%, the highest since June, after Trump said he was postponing strikes against Iranian energy infrastructure. He cited discussions that were later downplayed by Iranian media, though markets still took comfort from the comments. Brent crude slid below $100 a barrel and the US dollar also dropped, while stocks advanced.