US Stock Market: Treasury yields ease as investors buy bonds after selloff; strong auction boosts sentiment

US Treasury yields eased after a strong 30-year bond auction attracted the highest level of indirect bids since October 2024, with the benchmark 10-year yield falling nearly 3 basis points to 4.537 percent. Crude oil futures dropped 1.7 percent to $72.33 per barrel despite renewed geopolitical tensions after Iranian forces launched attacks on US military infrastructure in Gulf states. The probability of a Federal Reserve rate hike this month declined to 26 percent from about 31 percent after softer housing data and stable jobless claims reinforced expectations of a policy hold.