0856 ET - The bond selloff eases and Treasury yields decline, although markets still face the possibility of elevated borrowing costs. The standoff over the Strait of Hormuz continues, keeping oil prices around $90 and fueling inflation fears. Rising government debt and increased bond issuance to finance data centers also contribute to volatility in fixed income. A 20-year Treasury bond auction will test investors' appetite for long-term securities. The 30-year yield eases to 5.219% from Tuesday's settle of 5.284%. The 10-year falls to 4.625% from 4.706% and the two-year to 4.158% from 4.174%.
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