New Delhi, April 1 -- US Treasuries gained on Wednesday as investors speculated that a potential resolution to the Iranian conflict could clear a path for the Federal Reserve to resume interest rate cuts.

Yields on two-year and 10-year government notes each slipped by as much as 6 basis points, reaching 3.73% and 4.26% respectively, as Brent crude futures dipped under the $100 per barrel mark.

Market optimism is rising regarding an end to the Middle East hostilities that have recently unsettled global finance. This follows comments from US President Donald Trump on Tuesday suggesting the war could conclude within two to three weeks; he is slated to deliver a national address on Wednesday evening.

"For Trump, this is not something he ca...