US Treasury yields fell as demand for bonds increased, pushing the 30-year bond’s yield to its lowest level this year. Yields across maturities dropped by 2-5 basis points. Factors contributing to the rally include lower US equity benchmarks, haven demand due to US military action in Iran, and strong demand for note and bond auctions.

Traders adjusted expectations for the Federal Reserve’s interest-rate cut, pushing it further into 2026. Some traders in the options market are now betting against any Fed cuts in 2026. Philadelphia Fed President sees room for further cuts, while Fed Governor supports rate reductions, citing the Trump administration’s deregulatory agenda as a reason to continue cuts.

Read more at Yahoo Finance: Treasury 30-Year Yield Slides as Investors Seek Out Havens