U.S. Treasury yields plunge 10 basis points amid Iran ceasefire
U.S. Treasury yields were down sharply early Wednesday following the announcement of a two-week ceasefire in the Middle East conflict. Yields on the 10-year U.S. Treasury note — the benchmark for government borrowing —plummeted more than 10 basis points to 4.2399% Shorter- and longer-dated yields were also scythed as investors piled into U.S. bonds. The…