As Middle East tensions ease, US Treasury yields decline

Golden Ten Data reported on June 24 that as US-Iran peace talks continue and crude oil futures drop by 3%, US Treasury yields have declined. A Wall Street Journal survey indicates that US pending home sales for May, scheduled to be released at 10:00 AM Eastern Time (10:00 PM Beijing Time), are expected to increase by 1.6%, compared to a 6.2% contraction in April. Despite the strengthening of the US dollar, yields have still dropped. Bannockburn analyst Marc Chandler noted that exchange rate trends are influenced by the unwinding of US dollar short positions, while yields are being driven by the resilience of the US economy.