U.S. Treasury bonds rise as reports indicate U.S. and Iran have reached an agreement to extend the ceasefire
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Thursday's market movement pushed down Treasury yields, in tandem with a retreat in oil prices. However, according to Axios, the agreement still requires approval from U.S. President Trump. After a key U.S. inflation indicator rose less than expected, Treasury yields pulled back from intraday highs. The Axios report prompted a sharp drop in yields, but the decline later narrowed, with yields across maturities last down about 2 to 3 basis points.
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