Treasuries (TLT) Rally as Fed Hike Bets Trimmed Post Iran Deal

Following the announcement of a deal involving Iran, Treasuries rallied as traders decreased their expectations for Federal Reserve interest rate hikes. Market participants adjusted their positions, resulting in a significant shift in yield curves. The yields on 10-year Treasury notes dropped to 4.25%, down from previous levels, indicating a reaction to the evolving geopolitical landscape. This development raises questions about the Fed's future policy decisions and overall market stability, affecting various asset classes, including equities.