Mizuho Securities: If the situation in Iran stabilizes, the risk premium for US Treasury yields is expected to narrow further.

Hidehiro Joke, Senior Bond Strategist at Mizuho Securities, stated: The yield on US Treasury bonds has indeed fallen recently, especially with the 10-year and other long-term varieties, but still carries a significant risk premium. If the situation truly stabilizes and everything starts returning to normal, I expect yields to decline further from current levels. Given that the Federal Reserve has already cut rates several times and financing costs have also fallen, there may be investors willing to buy on dips to gain coupon income.