US Treasury yields continue to fall in the face of escalating tensions in the Middle East

US public debt prices continued to rise on Friday morning, as investors poured into areas of refuge perceived as safe havens, fearing a military stalemate between the United States and Iran.

At approximately 4:00 am, the benchmark 10-year Treasury stock price, which moved in the opposite direction of price, declined to approximately 2.0666%, while the 30-year Treasury bond yield was also below about 2.5748%.

Yields prolonged Thursday 's declines after the administration of President Donald Trump determined that Iran was responsible for attacks on two oil tankers in the Gulf of Oman. Tehran firmly denied this allegation.

Thursday morning attacks on Norwegian and Japanese tankers have raised concerns over Hormuz Strait trading, increased demand for treasure and other badets perceived as safe havens and rising prices petrol.

Demand stronger than expected at Thursday's 30-year Treasury bond auction also supported Treasury prices.

May retail data is expected at 8:30 am ET, with the latest industrial production data to follow at 9:15 am. June data on consumer confidence will be released at 10:00.

There are no speeches from the Federal Reserve or Treasury Auction scheduled for Friday.

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