Amid Middle East Conflict De-escalation, US Bond Yields Slide

BlockBeats News, June 24th, as the US-Iran peace talks continue and crude oil futures drop by 3%, US Treasury yields have declined. A survey by The Wall Street Journal indicates that the US May pending home sales, set to be released at 10 a.m. Eastern Time (22:00 Beijing Time), are expected to increase by 1.6%, compared to a 6.2% contraction in April. Despite a stronger US Dollar, the yields are still down. Bannockburn analyst Marc Chandler stated that the exchange rate was influenced by USD short covering, while the yields were being driven by the resilience of the US economy. (FX Street)