Bond Yields and Oil Prices Rise as US-Iran Ceasefire Expires
3 sources across 3 countries · Indonesia · United Kingdom · United States
Who reported this
- The Jakarta Post
- Reuters
- Associated Press
What the colours mean
- Left
- Centre-left
- Centre
- Centre-right
- Right
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Bond yields climbed to multi-decade highs and oil prices rose for a third consecutive day on Tuesday following the expiration of a 60-day truce between the United States and Iran. The yield on the US 30-year Treasury bond reached an intraday high of 5.321 percent, its highest level in nearly 20 years, while the 10-year Treasury yield traded at 4.724 percent. Brent crude futures increased 0.4 percent to 91.20 dollars a barrel as fading hopes for peace raised concerns over supply risks.
Equity markets reacted negatively to the geopolitical tension. S&P 500 e-mini futures slumped 0.2 percent, and the Nikkei 225 fell 1.6 percent. In the United States, the S&P 500 slipped 0.5 percent and the Nasdaq Composite edged 0.3 percent lower. Analysts noted that markets adopted a risk-off tone after President Trump reaffirmed he was not interested in extending the truce, while Tehran threatened a fully offensive military posture.
Other financial indicators showed mixed movement. The US dollar index rose 0.1 percent to 99.60, though some reports characterized the dollar as feeble as bets on interest rate hikes dwindled following soft US retail sales data. Gold fell 0.3 percent to 4,402.89 dollars, and both bitcoin and ether saw declines of 0.3 percent.
How each side framed it
- Centre-left
- This source emphasized the specific military threats from Tehran and the lack of soothing rhetoric from the Trump administration.
- Centre
- These sources focused on the technical market data and the direct causal link between the expired ceasefire and the rise in yields and oil.
Sources
- Centre Associated Press: US stocks edge further from their record after oil prices rise - AP News
- Centre Reuters: Dollar feeble as rate hike bets dwindle, Iran war worries grow - Reuters
- Centre Reuters: Oil climbs as fading US-Iran peace hopes raise supply risks - Reuters
- Centre Reuters: Bond yields jump, oil extends gains as US-Iran ceasefire expires - Reuters
- Centre-left The Jakarta Post: Bond yields jump, oil extends gains as US-Iran ceasefire expires
100% of the statements in this article were traced back to the source articles listed above.