#美伊局势影响 The oil tankers in the Strait of Hormuz come to a halt, and Wall Street traders collectively get a jolt.
On Monday’s open, the 10-year U.S. Treasury yield shot up like a rocket, climbing 10 basis points in one go to reach 4.03%. This is the largest single-day increase since October last year. The bond market folks are always the most sensitive—they’re not smelling gunpowder, but the burnt smell of inflation reigniting.
Oil prices surged over 6% in response, and expectations for rate cuts were pushed back by three months. Traders are now betting: seeing the first rate cut in September