[U.S. Treasury Yields Rise Across the Board as Iran Agreement Leads Traders to Scale Back Fed Rate Hike Bets] According to a report by Jinse Finance, on June 15, U.S. Treasury yields rose across the board as news of an agreement with Iran emerged, prompting investors to lower their expectations for Federal Reserve rate hikes. Yields on Treasury securities of all maturities declined, with short-term bond yields, which are most sensitive to changes in monetary policy, leading the drop. Swap market traders now estimate a roughly 60% chance of a 25-basis-point rate hike by the Federal Reserve before December, down from about 80% last Friday. Brent crude oil prices fell by approximately 4%, alleviating market concerns about inflation. U.S. Treasury prices rose as investors optimistically anticipated that resolving the Iran conflict would help reopen the Strait of Hormuz and reduce oil prices. The impact of this trend extends far beyond the $31 trillion U.S. Treasury market, as U.S. bonds serve as a benchmark for global borrowing costs, influencing a wide range of markets, including corporate bonds and emerging market assets. 'Some short positions in interest rate bonds will be unwound,' said Matthew Haupt, a hedge fund manager at Wilson Asset Management. 'Central banks around the world can now afford to be less hawkish because they can wait and disregard any short-term inflation.' (Sina Finance)