Treasuries Selloff Deepens as US-Iran Standoff Pushes Oil Higher
Treasury bond prices fell and oil prices rose after President Donald Trump rejected Iran's proposal to reopen the Strait of Hormuz. The geopolitical tension has intensified market concerns regarding inflation.
The selloff in the US bond market deepened on Monday as oil prices rose after President Donald Trump rejected Iran’s latest proposal to reopen the Strait of Hormuz.
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