U.S. government debt prices continued to rise Friday morning as investors flock to perceived safe havens amid fears of a military standoff between the U.S. and Iran.
Yields extended Thursday's declines after President Donald Trump's administration determined that Iran was responsible for attacks on two oil tankers in the Gulf of Oman. Tehran hasThe attacks on Norwegian and Japanese oil tankers early Thursday caused fears over trade disruptions in the Strait of Hormuz, heightening demand for Treasurys and other perceived safe haven assets and driving up oil prices.
Stronger-than-expected demand at Thursday's auction of 30-year Treasury bonds also buoyed Treasury prices. Retail sales data for May is due at 8:30 a.m. ET, with the latest industrial production figures to follow at 9:15 a.m. June's consumer sentiment data will be published at 10 a.m.Follow CNBC International on
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