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Treasury Yields Climb as Trump Signals Headway in Iran Talks

U.S. Treasury yields reached their highest levels in nearly three years as markets reopened following a holiday break. Investors bet on progress toward a U.S.-Iran diplomatic settlement after President Trump indicated negotiations over an interim agreement were advancing, bolstering risk appetite across global markets. However, complications persist in the talks. Tehran's stated intention to maintain its enriched uranium stockpile domestically threatens to derail negotiations, according to reports from the region. Military tensions remained elevated, with reports of strikes on Iranian vessels in the Strait of Hormuz. Oil prices declined during U.S. trading as investors weighed geopolitical risks against optimism over a potential deal. Asian markets traded higher on the diplomatic developments, though long-duration Treasury yields reflected lingering inflation concerns among fixed-income traders assessing the trajectory of negotiations.