Yields rise as sticky inflation meets Iran tensions with oil climbing
TL;DR Summary
Treasury yields climbed after February CPI showed sticky inflation (0.3% m/o, 2.4% y/y), with the 10-year around 4.20%, the 30-year around 4.84%, and the 2-year near 3.63%. Oil prices jumped about 4% on U.S.-Iran tensions despite the IEA’s record 400-million-barrel release, as investors weigh ongoing conflict against inflation data ahead of housing starts, weekly jobless claims, and the Fed's preferred PCE price index.
- Treasury yields gain after sticky February inflation reading, oil price increase CNBC
- Bond Yields Jump as Oil Prices Rise, Middle East War Outlook Uncertain WSJ
- Higher Oil Prices Could Put the Fed in a Bind as Labor Market Softens The New York Times
- 10-, 30-year Treasury yields near session highs on inflation risks MarketWatch
- Global bonds slide as oil surge stokes rate-hike bets Reuters
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