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U.S. Treasury Yields Edge Lower, Dollar Stable
Treasury yields declined as investors turned cautiously optimistic about the prospect of reopening the Strait of Hormuz following the U.S.-Iran agreement.
Focus is also on the Federal Reserve’s first meeting under Chairman Kevin Warsh, with the announcement due Wednesday.
“The prospect of lower energy prices has also eased inflation concerns, contributing to softer Treasury yields,” Empire FX’s Crispus Nyaga said in a note.
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