US Treasury bond yields ease from highs after data as Iran war escalation fans inflation concerns
7 Articles
7 Articles
The Economic Times
Times of IndiaUS Treasury bond yields ease from highs after data as Iran war escalation fans inflation concerns
U.S. Treasury yields retreated from earlier highs on Tuesday after economic data emerged. The manufacturing PMI fell to 54.6 in August, while job openings rose slightly. Oil prices surged due to renewed Middle East conflict, reigniting inflation concerns globally. This led to a significant global bond selloff and increased Fed rate hike expectations. Yields on the 10-year and two-year notes hit multi-month highs.
Global bond markets are under pressure, with yields reaching their highest levels in decades. Inflation and the Middle East conflict are the main triggers.
The bond crash has long been going on, but the pressure on the financial markets continues to increase. Trade war, tariffs and inflation are exacerbating the situation, while yields are rising worldwide and the stock markets are reacting increasingly nervously. Portfolio manager André Stagge sees this as a dangerous crowd situation – and especially the US is increasingly under pressure. Trade war is intensifying inflationary pressure triggers [.…
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