SEB: Uncertain progress in Middle East negotiations leads to slight fluctuations in the bond market
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(1) SEB Chief Strategist Olle Holmgren stated that although negotiations to extend the Middle East ceasefire agreement and open the Strait of Hormuz are reportedly underway, the situation remains uncertain and the actual progress in US-Iran talks is still unclear. (2) The interplay between hope and lack of significant progress has resulted in relatively minor changes in the bond market during the Asian trading session. (3) According to Tradeweb data, the two-year US Treasury yield rose by 1.9 basis points to 4.031%, while the ten-year yield increased by 1.6 basis points to 4.468%.
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