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US Stock Market: Treasury yields pare gains as Iran comments dampen hopes for Strait of Hormuz deal
US Treasury yields pared gains as hopes for a U.S.-Iran agreement faded after Tehran indicated the Strait of Hormuz would remain closed unless Washington met its demands. Markets are now awaiting July CPI data for clues on Federal Reserve policy, with any upside surprise potentially putting renewed pressure on Treasury yields.
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swissinfo.ch
Oil Advances as Iran Deal Eludes, Treasuries Slip: Markets Wrap
(Bloomberg) -- Oil extended its recent gains as Iran rejected talks with the US and a deal to reopen the vital Strait of Hormuz remained elusive. Treasuries declined.
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economictimes.indiatimes.com
Global Market Today: Asian shares trade lower; oil holds gains
Oil prices managed to retain their gains as optimism regarding a deal in the Strait of Hormuz dissipated, sparking renewed fears of inflation. Treasury yields increased, and the…
