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Treasury yields held steady on Monday as investors awaited U.S. President Donald Trump’s upcoming press conference on the Iran war and key inflation data due this week.
The yield on the 10-year Treasury added less than 1 basis point to 4.3525%. The 2-year Treasury also gained less than 1 basis point at 3.856%, while the 30-year Treasury yield rose 1 basis point to 4.918%.
One basis point is equal to 0.01%, with yields and prices moving inversely.
On Sunday, President Donald Trump issued an expletive-laden ultimatum, vowing to turn Iran into “Hell” if the Islamic Republic doesn’t fully reopen the Strait of Hormuz by Tuesday, 8 p.m. ET. But hours later, in an interview with Fox News, Trump said he was hopeful that a deal could be reached with Tehran by Monday.






