US Treasuries Jump as Trump Cites 'Final Stages' With Iran The US Treasury market surged on Monday after President Donald Trump stated that the United States is in the "final stages" of negotiations with Iran.
The yield on the 10 year Treasury note jumped by about 5 basis points to around 1. 62%, while the 2 year note rose by nearly 4 basis points to about 1. 38%.
This increase reflects investors' growing risk aversion and their preference for safe haven assets. What's Behind the Surge in US Treasuries?