Treasuries Rise With Focus on Potential for US-Iran Diplomacy

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 1000War With Iran:The US Treasury Department in Washington.Treasuries gained as lower oil prices on the prospect of Middle East diplomacy helped drive rallies for most major government debt markets.The advance pushed US yields on Wednesday lower by two to four basis points across maturities, as the White House said that peace talks were ongoing with Iran. The gains broadly held even after Tehran rejected a ceasefire and demand was weak for the second of this week’s three longer-term debt auctions. US benchmark crude oil also pared a drop of more than 6% to less than 2%.