U.S. Treasury Yields, Dollar Decline on Hopes of Strait of Hormuz Reopening -- Market Talk
Dow Jones05-07
0947 GMT - U.S. Treasury yields and the dollar decline amid improving hopes of a breakthrough between the U.S. and Iran about the reopening of the Strait of Hormuz. "The dollar index edged lower on Thursday as markets increasingly priced in the possibility of a U.S.-Iran agreement to end current tensions," says Sky Links Capital Group's Daniel Takieddine in a note. "Optimism improved after Tehran confirmed it was reviewing a U.S. proposal, even though key disagreements remain unresolved," the co-founder and CEO says. The 10-year Treasury yield falls 2 basis points to 4.333%, according to LSEG. The DXY dollar index falls 0.2% to 97.835. (emese.bartha@wsj.com)
(END) Dow Jones Newswires
May 07, 2026 05:47 ET (09:47 GMT)
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