The Zhitong Finance App learned that US Treasury yields fell from their highest level since 2002, as oil prices fell below $100 per barrel, and US Treasury Secretary Scott Bessent insisted that the government debt burden could be controlled. The 10-year and 30-year US Treasury yields fell 3 basis points and 4 basis points, respectively, to 5.27% and 5.63%, while the 2-year Treasury yield remained essentially flat. Crude oil prices retreated on Tuesday as there were signs that more crude oil supplies were passing through the Strait of Hormuz.

The Zhitong Finance App learned that US Treasury yields fell from their highest level since 2002, as oil prices fell below $100 per barrel, and US Treasury Secretary Scott Bessent insisted that the government debt burden could be controlled. The 10-year and 30-year US Treasury yields fell 3 basis points and 4 basis points, respectively, to 5.27% and 5.63%, while 2-year Treasury yields remained essentially flat. Crude oil prices retreated on Tuesday as there were signs that more crude oil supplies were passing through the Strait of Hormuz.