Asia-Pacific markets mostly rise in Easter trade on hopes for Hormuz reopening

Asia-Pacific markets mostly rise in Easter trade on hopes for Hormuz reopening

Asia-Pacific markets traded mostly higher Friday, after Iran and Oman were reportedly drafting a protocol to “monitor transit” through the Strait of Hormuz, raising hopes that the crucial waterway could partially reopen. Tanker traffic through the key oil-shipping route “should be supervised and coordinated” with the two countries, said Kazem Gharibabadi, Iran’s deputy foreign minister of…

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Iran peace hopes fuel relief rally

Iran peace hopes fuel relief rally

The 10-year Treasury yield was relatively unchanged on Wednesday as the prospect of a resolution to the Iran conflict lifted investor sentiment. The yield on the 10-year Treasury rose less than 1 basis point to 4.315%. The 2-year yield dropped 1 basis point to 3.789%, while the 30-year Treasury yield was up more than a basis point at 4.906%….

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