CryptoWorld News reports that, according to Axios, driven by optimistic sentiment that the Middle East situation may ease, global bond yields and the US dollar have declined. The US and Iran are close to reaching an agreement on a memorandum of understanding to end the war, leading to a sharp drop in oil prices. Bas Kooijman of dhf capital s.a. stated in the report: "The decline in oil prices may help ease inflation concerns and push US Treasury yields lower." The yield on the 10-year US Treasury fell by 6.4 basis points to 4.351%, continuing its previous decline. The yield on the 10-year German government bond dropped by 8.5 basis points to 2.991%. The 10-year UK government bond yield fell by 11 basis points to 4.958%.

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