Treasury yields edge lower as investors seek shelter from geopolitical tensions
Both Washington and Tehran on Wednesday dialed back their combative rhetoric following retaliatory Iranian strikes on U.S. military targets in Iraq, in response to the killing last week of top Iranian military commander Qasem Soleimani.
Though fears of a military conflict have tentatively abated, which led to a push higher for Treasury yields late Wednesday, some investors are seemingly reluctant to unwind safety positioning just yet.after firing at least a dozen ballistic missiles at U.S. targets. However, he announced that Washington will "immediately impose additional punishing economic sanctions on the Iranian regime."Auctions will be held Thursday for $35 billion worth of four-week bills and $35 billion in eight-week bills.
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