Market bets that the situation in the Middle East will see a turning point as US bond yields fall in sync with oil prices.

The Wise Financial News App learned that as the market's expectations for a US-Iran agreement heated up and international oil prices fell significantly, US Treasury bonds rebounded on Thursday, with yields across the board. About an hour before the close of the US stock market, US Treasury bond yields had largely erased their intraday gains and were close to the daily low, with some maturity yields falling by about 3 basis points. The yield on the 10-year US Treasury bond briefly fell to around 4.55%, significantly lower than the high of over 4.68% reached two days earlier.