bullishWednesday, May 20, 2026
Bonds rally sharply on Iran peace deal progress
10yr Treasury: 4.58%(-0.08)By David Burson
10-year Treasury yields fell to 4.58% on the day as Iran peace deal headlines triggered a sharp bond rally. UMBS 5.0 reached 97.44 (+0.63) mid-morning before settling at 97.33. This follows Tuesday's institutional-driven selloff. This afternoon's 20-Year bond auction and FOMC Minutes (2 PM ET) will test whether the recovery holds.
Market commentary is for informational purposes only and does not constitute financial advice. Rates shown are par rates from lender pricing sheets and are subject to change. NMLS #1111861.