Oil's Sway Over Bonds: A Brewing Storm The oil market's tumultuous reign over global bond yields serves as a stark reminder that even the most seemingly unrelated markets are not immune to the whims of geopolitics.
The recent surge in inflation, triggered by the ongoing conflict between the US and Iran, has sent shockwaves through the financial world, leaving investors scrambling to adjust their portfolios.
US Treasury yields have climbed higher every day this week, pushing the 10 year benchmark to its highest point in about a year.