Treasury yields hold steady as investors monitor Israel-Iran ceasefire

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U.S. Treasury yields held steady on Wednesday as investors monitored the Israel-Iran ceasefire and awaited Federal Reserve Chairman Jerome Powell’s second day of testimony before Congress.

At 3:50 a.m. ET, the 10-year Treasury yield was down over one basis point to 4.28%, while the 2-year yield was up less than a basis point at 3.78%. The 30-year yield was little changed at 4.818%.

One basis point equals 0.01% and yields move inversely to prices.

U.S. President Donald Trump announced a ceasefire between Israel and Iran on Tuesday, but the two countries both violated the ceasefire initially by firing non-lethal rockets. The ceasefire has held since, but investors will keep an eye on the situation to keep track of any uncertainty.

Treasury yields hold steady as investors monitor Israel-Iran ceasefire

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