The 10-year U.S. Treasury yield fell 9 basis points to 4.46 percent Friday after President Donald Trump announced canceled Iran strikes and signaled progress in peace talks.
Bond markets typically rally when geopolitical tensions ease, as investors seek safety in government debt and anticipate lower inflation pressures from falling oil prices.
Trump’s comments came amid mixed signals from Tehran, where Foreign Minister Abbas Araghchi said no deal had been finalized despite reports of a near-complete memorandum of understanding.
Fixed-income strategists said the yield move reflected short-term relief rather than a fundamental shift in the Federal Reserve’s policy outlook.
Diplomatic sources on June 12, 2026 said reopening the Strait of Hormuz and lifting shipping restrictions remained central to any ceasefire arrangement.
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