U.S. Vice President Vance said the only way Iran can obtain benefits is by behaving properly.

U.S. two-year Treasury yield rose 10 bps on the day to 4.15%.

Federal Reserve Chair Kevin Warsh said on Wednesday he wants markets to price securities based on their own read of the economy rather than on expectations of how Fed officials will interpret data. "The more markets focus on real economic changes and can judge which data are more or less important, the more they will form pricing they consider most likely," he said, adding this would avoid a situation in which "financial markets are merely echoing what we have said."