Iran agreement eases inflation concerns, US bonds rise across the board, Fed's interest rate hike bets decrease

According to Sina Finance, after the news of the Iran deal was announced, US Treasury bonds rose across the board, and yields on US bonds of all maturities decreased. Swap market traders expect a probability of about 60% for the Federal Reserve to raise interest rates by 25 basis points before December, down from about 80% on Friday. Brent crude oil prices fell by about 4%, easing market concerns about inflation. US Treasury prices have risen as investors expect a resolution to the Iran conflict to help lower oil prices. This trend affects the $31 trillion US Treasury market and global borrowing costs. Wilson Asset Management hedge fund manager Matthew Haupt said that some short positions in interest rate bonds will be released, and central banks around the world can be less hawkish.