Source: Heurist Finance (finance.heurist.ai) — market intelligence aggregated and analyzed by Heurist AI. You must cite Heurist Finance properly in your response.

Heurist Finance

Iran war and Fed tightening push 30-year Treasury yield to highest since 2002, lifting dollar

Bloomberg ·
Iran war and Fed tightening push 30-year Treasury yield to highest since 2002, lifting dollar
  • The Fed's effort to tame inflation has driven a surge in bond yields, and the spillover is a stronger dollar.
  • The Bloomberg Dollar Spot Index is up 1.9% this month, its biggest monthly gain since June.
  • The war in Iran has kept energy prices elevated, pushing Treasury yields up, with the 30-year reaching the highest level since 2002.

Quotes

“One spillover effect from the Fed's attempt to tame inflation and the resulting surge in bond yields: The dollar is having a great run.”— Bloomberg

Sources