Treasuries Gain as Traders Seek Havens, July Fed-Cut Bets Grow

Treasuries gained on Monday following Iran’s retaliatory attack on a US air base, adding to demand for the debt as a haven from tensions in the Middle East.

The advances on Monday held after Qatar said it intercepted a barrage of Iranian missiles in the wake of US strikes on Iran’s nuclear sites over the weekend. Yields on 10-year Treasuries slid to their lowest levels in a month.