Treasury yields edge higher after geopolitical remarks, while US equities recover from premarket lows amid mixed trading.
US Treasury yields climbed modestly as geopolitical tensions with Iran weighed on sentiment. The two-year yield rose 2.19 basis points to 4.282%, while the 10-year yield increased 1.2 basis points to 4.640%. The move follows remarks suggesting heightened accountability for Iran, though markets remain cautious ahead of a 20-year bond auction later today.
Major US indices showed mixed performance, recovering from deeper premarket losses. The Dow gained 240 points, or 0.46%, while the S&P 500 added 2.52 points, or 0.03%. The NASDAQ, however, slipped 62 points, or 0.24%, after dropping 250 points earlier in premarket trading.
Crude oil prices advanced $2.60 to $86.94, nearing its 100-day moving average at $89.47. Support held at $86.13, the midpoint of the recent downtrend, after a brief dip to $86.14.