Traders work on the floor of the New York Stock Exchange during morning trading on March 25, 2026 in New York City.
Michael M. Santiago | Getty Images News | Getty Images
U.S. Treasury yields fell early Monday as investors looked ahead to key jobs data and monitored the war between the United States and Iran, which has entered its fifth week.
The yield on the benchmark 10-year Treasury note fell more than 6 basis points to 4.374%, and the yield on the 30-year Treasury note fell more than 5 basis points to 4.926%. The two-year Treasury yield fell more than 4 basis points to 3.869%.
One basis point equals 0.01%, and the yield is inversely proportional to the price.
Investors are awaiting multiple jobs reports during the holiday-shortened business week. The market will be closed on Friday for Good Friday.
The closely watched Job Openings and Turnover Survey (JOLTS) will be released at 10 a.m. ET on Tuesday, and the ADP Employment Survey will also be released on Wednesday. The key non-farm payrolls report is expected to be released Friday morning.
“As we look to the week ahead, we should begin to learn about the economic impact of the conflict, as multiple March statistics covering the period since the strike began on February 28 have been released,” Deutsche Bank analysts said in a note.
Commenting on recent developments in the Middle East conflict, President Donald Trump told the Financial Times on Sunday that he could “get Iranian oil” and seize the country’s export hub, Kharg Island. “We may or may not take Kharg Island. We have many options,” Trump said.
President Trump said Monday that the United States is “in serious discussions with a new, more reasonable administration to end military operations in Iran.” However, the president threatened to “completely” obliterate the Middle East country’s energy infrastructure, including oil wells and Kharg Island, if the Strait of Hormuz is not reopened “immediately” and a peace deal is not reached “soon.”
Wednesday’s ISM manufacturing report will also provide early indicators of conflict-related inflationary pressures and their impact on component costs, Deutsche Bank analysts said.
“Otherwise, the focus will be on whether rising oil prices are starting to have a meaningful impact on business confidence and inflation in the U.S.,” he added.
