Will Compernolle in Livemint

Yields fell on Thursday after U.S. President Donald Trump said he was calling off new military strikes on Iran because a deal was now ready.

The Friday rally "was purely from a peace optimism standpoint," said Will Compernolle, a macro strategist at FHN Financial. Friday's trading reversed some of Thursday's move, though yields pared an earlier increase as the United States and Iran signaled that an agreement to end their war was close.

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