US Treasury prices rose on Monday, halting a recent surge in yields that had pushed borrowing costs to multi-month highs. The market reaction came after President Trump announced he had postponed planned strikes on Iran's energy infrastructure. This reversal in geopolitical tensions helped reverse the previous upward pressure on yields.

Oil prices slumped following the news, reflecting reduced fears of immediate supply disruptions from the Middle East. The Treasury market had been under strain as investors grappled with higher yields and concerns about potential escalation in the region. The postponement provided a brief respite from the selling pressure that had pushed yields higher.

Bond traders quickly adjusted positions as the news broke, with the 10-year Treasury yield retreating from recent peaks. The market's sensitivity to geopolitical developments underscores how quickly sentiment can shift in response to political announcements. The brief stabilization in Treasuries highlights the delicate balance between economic factors and geopolitical risks that influence fixed-income markets.