Iran has reopened the Strait of Hormuz, easing market concerns that global inflation will rise and economic activity will weaken. US Treasury yields fell markedly on Friday.The two-year Treasury yield fell 7 bps to 3.708%.Related NewsCore PPI MoM for Mar in the United States is 0.1%, lower than the previous value of 0.3%. The forecast was 0.5%.The 10-year Treasury yield fell 5.9 bps to 4.25%.The 30-year Treasury yield fell 4.3 bps to 4.887%.(sw/t)Related NewsCiti Reiterates Buy on Amazon (AMZN.US), Says Acquisition of Globalstar Accelerates LEO Direct-to-Device Strategy
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