Treasuries rose as investors reacted to oil price declines after US President Donald Trump said peace negotiations with Iran were proceeding, even as tensions in the Middle East remain high.

A boom in artificial intelligence-related borrowing may become a bigger influence on bond markets over time, but the idea that it’s behind a recent rise in long-dated Treasury yields appears overstated, according to Pacific Investment Management Co.

Traders may have another reason to worry less about bond volatility spiking this summer: the FIFA World Cup.

Global investors are rapidly losing confidence in Indonesia as the nation’s stocks tumble at the fastest pace worldwide and its currency sinks to all-time lows.

Treasuries pared declines, pulling two-year yields back from a more than 15-month high, as reports of a ceasefire between Israel and Iran eased the upward pressure on oil prices.