Bond traders who’ve grown more optimistic about an end to the Iran conflict see their next catalyst coming from Capitol Hill, where
A brief reopening of the Strait of Hormuz and the promise of renewed US-Iran peace talks sparked a rally in Treasuries to end last week, with traders boosting their expectations for a Fed interest-rate cut by year-end. The US two-year yield, which had been trading above the central bank’s current ceiling of 3.75% amid the war-related surge in oil, once again dipped ...