President Trump paused planned strikes on Iran, causing global bond yields, the U.S. dollar, and oil prices to fall. This action eased fears of a wider Middle East conflict, with the 10-year U.S. Treasury yield dropping to 4.63%, the U.S. Dollar Index (DXY) slipping 0.2%, and Brent crude falling nearly 7% to around $90 per barrel. Markets interpret the pause as a potential opening for diplomacy, which could also temper inflation concerns ahead of this week's Federal Reserve and Bank of England policy meetings.