Traders work on the floor of the New York Stock Exchange on July 23, 2025.
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U.S. Treasury yields were little changed on Friday as investors closely monitored developments in the Middle East in the final trading day of the month amid signs that a permanent ceasefire agreement between the United States and Iran was on the horizon.
of 10 year US Treasury yield Interest rates, a key benchmark for mortgages, auto loans and credit card debt, fell 2 basis points to 4.435%. of 2 year government bond yieldwhich is typically more sensitive to short-term Federal Reserve interest rate decisions, fell more than 2 basis points to 3.998%.
On the other hand, for longer dates 30 year government bond yieldThe index, which tends to respond primarily to geopolitical risks, fell by less than 1 basis point to 4.98%.
One basis point equals 0.01%, and yields and prices move in opposite directions.
Borrowing costs fell during trading Thursday, pushing the 10-year U.S. Treasury yield down more than 3 basis points as energy prices softened following reports that the U.S. and Iranian governments had nearly agreed to the terms of a 60-day memorandum of understanding to extend the ceasefire.
The deal also includes negotiations over Iran’s nuclear program, which still needs approval from President Donald Trump. He said Friday that he was meeting in the Situation Room “to make a final decision” on the deal.
price of West Texas Intermediate Futures It is currently below $90 a barrel and fell 1% on Friday to about $87 a barrel. brent Crude oil, a benchmark for international oil prices, was last down 1% to about $92 a barrel.
The decline came after traders reviewed some data released Thursday that suggested inflation remains a major concern for the U.S. economy. Most notably, the Federal Reserve’s recommended inflation measure, the Personal Consumption Expenditure Price Index, rose 3.8% in April from a year earlier.
No new economic data is expected to be released on Friday.
—CNBC’s Kevin Breuninger contributed to this report.
