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Trump says progress in US-Iran talks, US debt all rising across the board

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Golden Finance reports, on May 26th: The US financial markets resumed trading after the holiday closure, and bond yields fell across the board as investors became more optimistic about a possible agreement between the US and Iran. The yield on the two-year US Treasury fell 7 basis points to 4.05%, the 10-year yield dropped 7 basis points to 4.49%, and the 30-year yield declined 5 basis points to 5.02%. Previously, Trump stated that negotiations with Iran on extending the ceasefire and reopening the Strait of Hormuz were "making good progress." Abbas Keshwani, Director of Asian Macro Strategy at Royal Bank of Canada Capital Markets in Singapore, said, "Given the previous dashed hopes for an agreement, the market will remain cautious. However, progress in negotiations could lead to further declines in energy prices and inflation expectations, thereby pushing yields lower."
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