- Treasuries fell after reports that the Middle East war is heating up lifted oil prices, with short-term tenors rising most.
- The two-year note yield climbed as much as five basis points to 4.83%, its highest level in a week, and the US dollar strengthened.
- The State Department ordered departure for non-emergency government personnel and their families in Saudi Arabia, according to spokesperson Tommy Pigott.
- Crude-equity correlation reached a 30-year extreme, with oil prices driving stocks.
Quotes
“The U.S. State Department has issued an ordered departure for non-emergency government personnel and their families in Saudi Arabia”