Treasury yields edge lower as investors monitor Iran war developments

NoodlesOrTokens · 2026-04-05T11:29:12+00:00

Treasury yields fell as traders reacted to U.S.-Iran war developments and economic data. The Dow rebounded, and oil prices rose following President Trump's comments. Initial jobless claims and private job growth figures were better than expected, while March's jobs report is anticipated.

NoodlesOrTokens

2026-04-05 11:29:12

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Traders work on the floor of the New York Stock Exchange (NYSE) on March 31, 2026 in New York City.

Spencer Platt | Getty Images News | Getty Images

Treasury yields ticked lower on Thursday as traders assessed the latest U.S.-Iran war developments to close out a wild, holiday-shortened week.

The yield on the 10-year Treasury fell more than 1 basis point to 4.309%. The 2-year yield was down less than 1 basis point at 3.80%. The 30-year Treasury yield slipped 2 basis points to 4.882%.

One basis point is equal to 0.01%, and yields and prices move in opposite directions.

Yields moved lower from their rise earlier in the day on the heels of Iran and Oman reportedly drafting a protocol to “monitor” Strait of Hormuz traffic. U.S. equities surged into positive territory, with the Dow erasing much of its 600-point loss.

In an address to the American people on Wednesday evening, President Donald Trump said he expected the war to last another two to three weeks, during which time U.S. forces will “hit” Iran “extremely hard.”

Oil prices surged following the address, with West Texas Intermediate crude futures closing above $111 per barrel and international benchmark Brent crude futures closing just above $109 per barrel.

Traders also weighed more economic data Thursday. Initial jobless claims for the week ended March 28 stood at 202,000, below the Dow Jones forecast for 212,000.

Those come after the release of another key labor market report this week. Payrolls processing firm ADP had reported Wednesday that private job growth last month was better than expected at 62,000. Economists polled by Dow Jones had called for 39,000. To be sure, the latest figure still signified a decline of 4,000 from February’s upwardly revised figure.

With markets closed for Good Friday, Thursday is the last trading day of the week. That said, traders are still eyeing March’s jobs report that is set for release on Friday morning.

— CNBC’s Lisa Kailai Han contributed to this report.

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