Fed's Collins said that, given limited additional tariffs and progress toward reopening the Strait of Hormuz, disinflation is the most likely outcome.

巴基斯坦内政部长：与伊朗总统的会晤以“非常积极的基调”结束。

Oil's decline eased inflation concerns and relieved pressure on Treasury Secretary Bessent, lifting US Treasury prices and sending yields lower. Optimism about easing Middle East tensions pushed yields across maturities down about 2–4 bps; the months-long selloff that had driven the longest-dated yields to near 20-year highs has eased. Since Bessent last week unveiled a surprise plan to at least double Treasury buybacks to lower long-term rates, the 30-year yield has dropped roughly 9 bps to 5.19%. The measure — promising reduced long-term debt supply and signaling willingness to intervene to prevent excessive yields — provided support but has drawn broad criticism and is seen as unlikely to have a durable effect given that rising yields reflect high inflation and concerns over surging government debt.