US Bonds Caught in Inflation-Growth Tug-of-War as Oil Swings

Treasuries extended a nascent rally on Tuesday as investors increasingly treated the Iran war as a driver of safe-haven demand for U.S. government bonds. That flow shift suggests potential continued downward pressure on yields and a headwind for risk assets if the view persists.

Analysis

Treasuries extended a nascent rally on Tuesday as investors increasingly treated the Iran war as a driver of safe-haven demand for U.S. government bonds. That flow shift suggests potential continued downward pressure on yields and a headwind for risk assets if the view persists.