Treasuries Set for Third Day of Gains as Oil Drops on Iran Talks
Treasury bonds are experiencing their strongest three-day rally in a month as oil prices decline on renewed optimism surrounding US-Iran negotiations. The potential resumption of tanker traffic in the Arabian Peninsula is driving the commodity selloff, which is supporting safe-haven Treasury demand.
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Treasuries Set for Third Day of Gains as Oil Drops on Iran Talks
U.S. Treasury securities are experiencing their strongest performance in a month, gaining for the third consecutive day as oil prices decline on growing optimism about U.S.-Iran negotiations. The talks are expected to potentially restore tanker traffic in the Arabian Peninsula, reducing geopolitical risk premiums in energy markets and supporting bond prices.
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