Yields rise as traders weigh possible Iran deal, Fed policy

U.S. Treasury yields rose from one-week lows as traders weighed prospects of a U.S.-Iran peace deal and looked ahead to the June 16-17 Federal Reserve policy meeting, the first under new Chair Kevin Warsh. The FOMC is widely expected to keep rates on hold, with focus on whether policymakers signal a potential rate hike, as fed funds futures price in a 55% chance of an increase by December. Markets are also watching for liquidity stress amid a record pace of corporate debt and equity issuance, highlighted by SpaceX's Nasdaq debut valuing it above $2 trillion.