Greater optimism regarding a deal between the U.S. and Iran led to a risk-on day for equities, with global indices rising, although trading volumes were low due to Monday’s holiday. Yields in Europe fell by 5–7 basis points, and in the U.S. by 2 basis points...

Marco Rubio said there are “positive signs” regarding a deal between the U.S. and Iran, lifting the market on a day that had been mostly in the red, with the Treasury yield curve ending at...

Oil prices fell 6% amid expectations of a deal between the U.S. and Iran—which Trump said is “very close”—with WTI closing at $98 (which also rolled over to the July contract) and Brent at $105, along with base metals and agricultural commodities...

Interest rates continue to rise globally, driven by a 5-9 basis point spike in the Treasury yield curve today, with the 30-year Treasury yield reaching 5.2%—its highest level since 2007—amid persistently high oil prices and inflation data pointing to further increases...

April inflation came in line with expectations at 0.6% for headline inflation, while core inflation stood at 0.4% (vs. 0.3% expected), and the annual rates of 3.8% for headline inflation and 2.8% for core inflation were 0.1 percentage points higher than expected...

U.S. equities continue to rise despite the deadlock in negotiations between the U.S. and Iran, with the Nasdaq up 1.6% (+6% YTD) and the S&P 500 up 1% (+4.2% YTD), despite earlier declines in Asia and Europe. The Treasury yield curve closed essentially flat, as did the European investment-grade sovereign yield curves; while...