
Iran Situation | Surge in Oil Prices Triggers Investor Concerns Over Stagflation, Year-to-Date Gains in US Bond Market Completely Erased

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The attacks by the United States and Israel on Iran have led the Iranian Revolutionary Guard to threaten to block the Strait of Hormuz, driving up oil prices and raising investors' concerns about stagflation. The gains in the U.S. Treasury market have been erased, with the Bloomberg index falling 1.7% since the end of February. Morgan Stanley strategist Bradley Tian pointed out that the inflation triggered by rising energy prices and policy uncertainty is putting pressure on long-term U.S. Treasuries
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