Oil Prices Drop as U.S. Treasury Yields Fluctuate and Dollar Strengthens
On July 6, as the U.S. market reopened after the holiday, the Middle East peace agreement remains unachieved, and last week's labor indicators were disappointing. U.S. Treasury yields showed mixed movements while the dollar rose slightly. Meanwhile, OPEC+ agreed to increase production, leading to a decline in oil prices. The Federal Reserve's meeting minutes will be released on Wednesday, and this week is relatively quiet in terms of data. The dollar index is up 0.2%. The yield on the 10-year U.S. Treasury bond is at 4.459%, higher than last Thursday's closing rate of 4.447%. The yield on the two-year U.S. Treasury bond fell from 4.130% to 4.108%. (Jin Shi)
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