"Despite the cease fire between Israel and Iran appearing somewhat tenuous, the markets are shrugging it off," said Kyle Rodda, senior financial markets analyst at Capital.com. "Realistically, the markets don't care if a limited conflict comprised of mostly air strikes continues between the two countries," he said. The two-year US Treasury yield US2YT=RR dipped to the lowest since May 8 at 3.787%. The US dollar index =USD, which measures the currency against six major counterparts, slipped 0.1% to 97.854. Markets continue to price in a roughly 18% chance that the Fed will cut rates in July, according to the CME FedWatch tool.
