The yield of US Treasury bonds rises due to the continuing tension in the Strait of Hormuz.

The US Treasury bond yields rose during the Asian trading session, following higher oil prices, but the gains on Friday were seen as a pullback. Michael Brown from Pepperstone said in a report, "Despite last week's market ending with a fairly risk-chasing rebound, confusion surrounding the situation in the Strait of Hormuz has led to a decline in some optimistic sentiment as a new week begins." While US Vice President JD Vance is expected to lead new talks with Iran, there are still significant differences between the US and Iran. US Treasury bond yields rose across the board, with the yield on the 2-year US Treasury bond rising by 3.3 basis points to 3.732% and the yield on the 10-year US Treasury bond rising by 2.6 basis points to 4.269%.