U.S. Treasury Yields Edge Higher; Oil-Price Decline Caps Moves
Dow Jones
Aug 26
0541 GMT - U.S. Treasury yields mostly edge higher in Asian trade, having moved lower across the curve on Tuesday as oil prices fall. "The oil price decline [on Tuesday] gave breathing room to the government bond market, which saw yield declines of 5-7 bps in both the U.S. and Europe," SEB's Gustav Helgesson says in a note. "During the morning, however, U.S. yields are slightly higher," the macro strategist says. Oil falls Wednesday after Iran and Oman have unveiled a joint framework to restore safer navigation through the Strait of Hormuz, with Brent last trading 2% lower at $86.75 per barrel. The 10-year Treasury yield is up 0.6 bps at 4.643%, while the 30-year yield is up 0.8 bps at 5.181%, according to Tradeweb.
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