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U.S. Treasury yields slip as investors watch for Strait of Hormuz deal
Yields declined as traders positioned for a potential agreement that could ease shipping risks in the Strait of Hormuz.
CNBC World reports that U.S. Treasury yields moved lower as investors focused on the prospect of a deal that could affect access to the Strait of Hormuz.
The shift in rates appears tied to hopes that an agreement would help unlock the waterway, a development investors associate with reduced market and energy shipping risk.
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