The 10-year Treasury yield fell to 4.951% on Monday after reaching a 19-year high of 5.041% last week, as lower oil prices and hopes for a diplomatic deal with Iran eased inflation and rate-hike concerns. HSBC expects the yield at about 4.65% by year-end, while iCapital forecasts 5.3% and Deutsche Bank and ZeroHedge still identify scenarios reaching 6%, although Deutsche Bank’s historical analysis places such a move more likely in 2027. European government bond yields also declined, technology shares rose, and Bitcoin climbed more than 5% above $85,000. Markets pared expectations for additional European Central Bank and Bank of England increases, while upcoming Purchasing Managers’ Index data, jobless claims and Federal Reserve speeches will test competing forecasts.