Markets react cautiously as Trump disputes Iran deal terms and condemns drone attacks, pushing Treasury yields up 3 bps.
Treasury yields climbed 3 bps and the US dollar strengthened after President Donald Trump dismissed leaked Iran deal terms as fake and condemned recent drone attacks on Indian ships near the Hormuz Strait. Trump called the leaked details dishonorable and unrelated to the written agreement, warning Iran to “get their act together.”
The market response reflects skepticism over the deal’s stability, echoing past instances where Trump’s claims unraveled within hours. Earlier optimism around a potential agreement has faded, though no formal withdrawal has been announced.
Traders are monitoring developments closely, with yields and the dollar reflecting heightened geopolitical uncertainty.