Bond Markets Bleed as Middle East Stalemate Sends Oil Soaring
📡 Barrons · 1 min read ·
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Government bonds in the U.S. and Europe deepened their selloff on Tuesday.
The renewed decline pushed 10-year Treasury and German Bund yields to their highest levels in years.
The trigger: another setback in efforts to resolve the Middle East conflict, which drove oil prices higher.
Rising oil prices fuel inflation fears. That pressures bond prices, sending yields up.