From Tokyo to Sydney, bonds plunge as oil breaches $115

Oil surged above $115 per barrel as the U.S.-Israeli war with Iran intensified, triggering a global bond selloff. The move heightened investor fears of rising inflation and a tougher interest-rate outlook, pushing markets into a pronounced risk-off reaction.

Analysis

Oil surged above $115 per barrel as the U.S.-Israeli war with Iran intensified, triggering a global bond selloff. The move heightened investor fears of rising inflation and a tougher interest-rate outlook, pushing markets into a pronounced risk-off reaction.