Finance

U.S. Treasury yields eased as investors reacted to reports of a possible 60-day ceasefire and breakthrough in negotiations between the United States and Iran. The yield on the benchmark 10-year Treasury note fell to approximately 4.45%, marking its fourth consecutive day of decline as geopolitical risk premiums softened.

Recent economic data showed that the Personal Consumption Expenditures (PCE) price index, the Federal Reserve's preferred inflation gauge, rose at an annual rate of 3.8% in April 2026. While the monthly increase was slightly lower than some economist estimates, persistent high costs for energy, housing, and food continue to pressure the broader economy.

Cryptocurrency markets experienced downward pressure, with Bitcoin trading around $73,000 as investors shifted away from riskier assets. This volatility followed reports of military strikes near the Strait of Hormuz and substantial net outflows from spot Bitcoin ETFs, totaling over $2.5 billion in a two-week period.