The US Treasury yields have dropped as investors reassess the outlook for Federal Reserve interest rates and continue to monitor developments in the Middle East. The 10-year Treasury yield was 2 basis points lower at 4.321%, while the 2-year and 30-year Treasurys also fell by 1 basis point and 2 basis basis. The rising oil prices have fueled concerns about inflation and recessionary conditions, leading to a significant decrease in interest rates. The Federal Reserve Chair, Jerome Powell, has stated that he sees inflation expectations as grounded despite rising energy prices.