Treasury yields fall as Brent drops 8% on renewed U.S.-Iran diplomacy

Treasury and European bond yields fell Monday as Brent crude dropped 8% to $104 a barrel on renewed diplomatic efforts to end the U.S.-Iran conflict. The 10-year Treasury yield fell to 4.884% from 4.928% Friday, while the U.K. 10-year gilt, German 10-year bund and French 10-year OAT also declined. Investors are focused on Tuesday's U.S. midterms, Wednesday's Treasury refunding announcement and Friday's October payrolls.