0903 ET - Treasury yields ease slightly as oil prices ease following reports that U.S. and Iran are discussing a deal to reopen Hormuz. Durable goods orders were unchanged in August, beating WSJ consensus forecast of a small drop. The University of Michigan consumer sentiment index due at 10 a.m. ET is expected to move lower and an upward surprise could trigger another bond selloff, as a resilient economy is perceived as likely to spur rate hikes by the Fed, underpinning the recent increase in yields. The 10-year yield is at 5.179%, down from a 19-year intraday high of 5.224% reached Thursday. The two-year is at 4.899%, after reaching 4.943% late yesterday.
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Treasury Yields Still Hovering Near Recent Highs
Dow Jones09-25
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