U.S. Treasury Yields Decline as Middle East Tensions Ease and Crude Oil Falls 3%

According to BlockBeats, on June 24, U.S. Treasury yields declined amid easing Middle East tensions following U.S.-Iran peace talks and a 3% drop in crude oil futures. Despite U.S. dollar strength, the yield decline was primarily driven by economic resilience, according to Bannockburn analyst Marc Chandler.

The Wall Street Journal survey showed U.S. existing home sales for May are expected to rise 1.6%, compared to a 6.2% decline in April. The May data release was scheduled for 10 a.m. ET (10 p.m. Beijing time) on June 24.