Treasury Yields Drop as Israel-Hamas Conflict Stokes Safety Demand

U.S. Treasury yields fell on Tuesday as investors sought safe havens amid Israel-Hamas conflict.

Concerns about implications of the conflict led investors toward Treasurys, seen as safer investments.

Odds of a Fed rate hike in November falling according to CME FedWatch tool.

Fed officials hinted at outlook for interest rates in comments on Monday.

IMF raised 2023 U.S. growth forecast to 2.1% on Tuesday, citing consumer resilience and business investment.