According to CNBC, U.S. Treasury yields fell on Monday as oil prices declined and investors watched for signs of easing tensions in the Iran conflict. The 10-year Treasury note yield dropped more than 1 basis point to 4.688%, the 2-year yield fell 4 basis points to 4.252%, and the 30-year Treasury bond yield slipped more than 4 basis points to 5.226%.

Oil prices fell after President Donald Trump said negotiations with Iran would begin again, following the U.S. decision to hold off on fresh strikes against the Islamic Republic at the request of Gulf allies. Iranian foreign ministry spokesperson Esmail Baghaei said there was no immediate plan for talks with the U.S. and said Tehran is currently only holding discussions with Oman about the Strait of Hormuz.