Falling Yields Lift Stocks as Rate-Hike Bets Ease: Markets Wrap

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000US Stocks:A man sifts through rubble at the site of a building hit by a strike on a commercial district of Tehran, Iran, on March 29.Treasuries firmed, supporting US stocks, as fears that the war in the Middle East will trigger a sharp economic slowdown prompted traders to dial back bets on higher interest rates. Brent hit $115 a barrel.US yields fell across the curve after money markets cut the odds of a Federal Reserve rate hike in 2026 to about 25%, from around 35% on Friday. The rate on two-year Treasuries dropped three basis points to 3.88%. S&P 500 futures climbed 0.5% after the benchmark slumped to an August low at the end of last week. The dollar was little changed.