The U.S. 10-year Treasury yield fell nearly 2 basis points to 4.93% on Tuesday after briefly rising, as oil prices declined for a fifth consecutive session and renewed hopes for a diplomatic solution to the conflict with Iran eased inflation concerns. Investors also awaited weekly employment data from ADP and speeches by Federal Reserve officials. Treasury yields have generally declined since the Fed raised rates last week for the first time since 2023, despite a more hawkish policy tone and expectations for at least one additional rate hike this year.