Bond Yields Rise Globally as Oil Prices Surpass $115
Global bonds fell as oil prices exceeded $115 amid Middle East conflict. Markets now expect the Fed to delay rate cuts until September due to inflation.
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Singapore (Reuters) — Global bond markets experienced a sharp decline on Monday as an intensifying conflict involving the United States, Israel, and Iran sent energy prices soaring. Brent Crude Oil climbed above $115 per barrel, a 20% jump that marks its highest price point since July 2022. The surge was triggered by supply cuts from major regional producers and growing anxiety over potential shipping blockades in the Strait of Hormuz.
George Boubouras, head of research at K2 Asset Management, noted that the price movement reflects deep market uncertainty.
