The 10-year Treasury yield rose about 2 basis points to 4.362%, while mortgage-backed securities slipped and US-Iran tensions remained the main overhang.
Consumer confidence unexpectedly rose to 92.8 from a 89.0 forecast, helping sentiment, while home price data and weekly ADP employment figures drew limited market reaction.
Trading was largely uneventful after a weaker open, and a seven-year Treasury auction prompted no notable response, underscoring how geopolitical developments still dominate broader market momentum.
Why are consumer confidence reports so contradictory amid the ongoing Iran conflict?
With a ceasefire expiring, are markets underestimating the risk of a wider regional war?
Can the Federal Reserve's planned rate cuts happen with war-driven inflation at 3.5%?
Beyond oil, how will the Hormuz blockade permanently alter global supply chains?
How long would it take for Middle East oil production to recover after the war ends?
With peace talks failing, what is the next diplomatic step to reopen the vital waterway?