U.S. Treasury yields rose on Tuesday during Asian trading hours, approaching recent highs.
U.S. government bond yields rose in Asian trading on Tuesday, but remained slightly below the multi-year highs set on Monday, the Wall Street Journal reported. The rise in yields was mainly driven by the standoff between the U.S. and Iran over the terms for reopening the Strait of Hormuz, despite an increasing number of oil tankers passing through the waterway.
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