Treasury Yields Ease as Markets Watch Iran Deal and Fed

U.S. Treasury yields pulled back as traders adopted a cautious stance ahead of potential Iran nuclear deal developments and upcoming Federal Reserve communications. The easing in yields reflects reduced risk appetite and uncertainty around two major macro catalysts running simultaneously. USD pairs are the primary focus, with EUR/USD and USD/JPY sensitive to yield moves. A confirmed Iran deal could ease oil-driven inflation pressure, complicating the Fed's path and weakening the dollar broadly against majors.