From mint · · 50s
Treasuries Slide After Middle East Strife
Middle East tensions push oil prices up as US bonds fall.
In brief
Middle East tensions push oil prices up as US bonds fall. Treasuries dropped after Middle East war reports boosted oil prices to $98.50 a barrel. Originally reported by mint.
Treasuries fall
Treasuries dropped after Middle East war reports lifted oil prices to $98.50 a barrel.
Yields rise to session highs
Short-term treasury yields climbed as much as five basis points to 4.83% in a week.
US dollar strengthens
The US dollar strengthened as oil prices rose to $98.50 a barrel.
Oil prices jump
West Texas Intermediate crude oil futures jumped to $98.50 a barrel from $97.
Central banks react
Rising oil prices re-ignited global inflation, prompting central banks to raise interest rates.
The takeaway
Treasuries dropped after Middle East war reports boosted oil prices to $98.50 a barrel.
