U.S. Treasury yields rise in European trade reflecting the market's continued expectation of Federal Reserve rate hikes, while the dollar is slightly lower as the U.S. and Iran make renewed diplomatic efforts for a peaceful resolution. "Although tensions escalated during the last few days, sentiment improved after reports emerged that both sides agreed to resume negotiations over the Strait of Hormuz," Exness' Dat Tong says in a note. The development revived hopes that the interim peace agreement could be preserved, reducing demand for safe-haven assets such as the dollar, the senior financial markets strategist says. The 10-year U.S. Treasury yield rises 1.4 basis points to 4.385%, according to Tradeweb. The DXY dollar index declines 0.1% to 101.267. (emese.bartha@wsj.com)
Dow Jones Newswires
U.S. Treasury Yields Rise; Dollar Weakens on U.S.-Iran Diplomacy Hopes — Market Talk
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U.S. Treasury yields rise in European trade reflecting the market's continued expectation of Federal Reserve rate hikes, while the dollar is slightly lower as the U.S. and Iran make renewed diplomatic efforts for a peaceful resolution. "Although tensions escalated during the last few days, sentimen…