Oil prices rise on US-Iran tensions, pushing up global bond yields
Renewed hostilities between the US and Iran lifted oil prices and sent global bond yields and equity markets lower.
Renewed tensions between the US and Iran drove up oil prices, which flowed through to higher global bond yields. The US 10-year Treasury yield rose above 4.76%, reaching its highest level since January 2025. The movements contributed to weaker equity markets globally.
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EOM currency and rate movements restrained
Renewed US-Iran hostilities lifted oil prices, pilling over into higher global bond yields and weaker equity markets. US 10-year Treasury yield trades above 4.76%, its highest level since January 2025