U.S. Treasuries firmly higher start after the U.S. and Iran largely agreed to a peace deal over the long weekend.
The situation was muddled a bit overnight after U.S. forces conducted strikes that were described as defensive, but the market is maintaining a positive tone with WTI crude dipping toward $90/bbl and Treasury futures hovering near their highs from Monday when the cash market was closed.
$69 bln 2-yr Treasury note auction at 13:00 ET.
U.S. Dollar Index is down 0.1% at 99.10.
Yields:
2-yr: -6 bps to 4.06%
3-yr: -6 bps to 4.11%
5-yr: -7 bps to 4.19%
10-yr: -7 bps to 4.49%
30-yr: -5 bps to 5.01%