Oil Prices Rise on Iran Tensions as Treasuries Fall Toward Largest Drop in Two Weeks
U.S. Treasury prices fell after an escalation in U.S.-Iran tensions lifted oil prices, putting the market on track for its steepest decline in more than two weeks.
rediff.comTreasury prices declined on Wednesday, putting the market on course for its largest daily drop in more than two weeks. -Iran tensions that lifted oil prices, according to market data reported by @business. @business reported that the price action in Treasuries reflected the broader response to higher energy costs triggered by the geopolitical developments.
No additional details on the size of the price move or specific contract levels were provided in the report.
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