US Treasury yields ended higher on Monday, though they retreated from session highs, as investors weighed conflicting signals surrounding diplomatic efforts between the United States and Iran while also assessing stronger-than-expected U.S. economic data.
According to Reuters, Treasury yields initially rose after Iran's Tasnim news agency reported that Tehran's negotiating team had suspended indirect communications with the United States through mediators following attacks on Lebanon. The report raised concerns that efforts to resolve the three-month-long conflict could face further setbacks, prompting a sharp rise in oil prices.
