Treasury yields slide as Iran deal drives rethink on Fed interest rate hikes

Federal Reserve Chairman Kevin Warsh departs from the East Room of the White House after a swearing-in ceremony, May 22, 2026. Aaron Schwartz | AFP | Getty Images U.S. Treasury yields fell on Monday as the announcement of a preliminary peace agreement between Washington and Tehran shifted investor expectations for inflation and the outlook for interest rates. The yield on the 10-year U.S. Treasury note — the key benchmark for U.S. government borrowing — fell over 3 basis points to 4.447%. …