U.S. Treasury futures with maturities of two to 10 years fell to intraday lows, while oil prices rebounded. According to Sina Finance, citing Reuters, the United States was preparing to order some staff at its embassies in the Gulf region to evacuate. Short- and intermediate-term futures led the declines, pushing the 5s30s spread to its narrowest level of the day. Yields on short- and intermediate-term U.S. Treasuries rose 4–5 basis points, while 20- and 30-year yields rose about 2 basis points. WTI crude futures erased their losses and turned higher, gaining about 0.4%.
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