Treasuries Rise on Oil Pullback as Trump Flags Iran Deal Talks

US Treasuries advanced after President Donald Trump said Iranian officials were seeking an agreement on terms to end the war, triggering a pullback in oil prices and a drop in the dollar.

The moves pushed yields on Monday lower by one to two basis points across maturities, with those on the benchmark 10-year down to 4.30%. They’d touch 4.36% earlier in the session, tracking European rates higher, after negotiations collapsed between the US and Iran over the weekend and Trump said he’d blockade the Strait of Hormuz.