Treasuries Fall, Lifting Yields From Near Past Month’s Lows

Treasuries fell, lifting yields from their lowest closing levels in more than two weeks, as oil prices steadied with Middle East supply curtailed by the US war on Iran.

US government bond yields were two to four basis points higher on the day at about 3 p.m. in New York. Tuesday’s closing levels, the lowest since mid-March, were reached amid a nearly 8% slide in the price of the US benchmark oil futures contract. Oil prices stabilized on Wednesday, and US stocks advanced, sending the S&P 500 Index to a record for the first time since January.