Treasury yields dropped to start the week as investors tracked lower global crude oil prices — dimming the outlook for faster inflation for now — amid the continued U.S.-Iran war and looked ahead to the Federal Reserve’s two-day policy meeting this week.
The benchmark 10-year Treasury yield was more than 5 bps lower at 4.22% while the 30-year Treasury bond shed more than 4 bps to yield 4.86%. The 2-year Treasury note yield was down more than 5 bps, reaching 3.68%.