1308 GMT - Yields on developed market government bonds fall as oil prices retreat following U.S. announcement of new economic sanctions on Iran. "Traders appear more focused on the potential impact on demand and the absence of a fresh physical supply shock than on the sanctions themselves," Capital.com's Daniela Hathorn says in a note. That is helping ease some of the inflation pressure that had been feeding into the recent bond selloff which took a number of major long-dated government-bond yields to multiyear highs, she says. Ten-year gilt yields fall around 5 basis points to a 12-day low of 5.004%, while the German 10-year Bund yield drops to a one-week low of 3.214%, Tradeweb data show. The 10-year Treasury yield falls 4.8 basis points to 4.656%.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.