1543 ET - Treasurys sell off, sending yields higher, as the U.S. and Israel bomb Iran in an escalating conflict that disrupts energy markets and sparks a flight for safety. While the dollar strengthens, worries about energy-driven inflation and the high costs of a prolonged conflict curb demand for U.S. government debt. "It is a combination of position adjustments and inflationary impact of higher oil," Bannockburn's Marc Chandler says. Investors are pushing out bets on a Fed cut to September from July, he says. The 10-year yield adds 0.090 percentage point to 4.051%. The two-year is up 0.108 p.p. to 3.485%. The WSJ Dollar Index rises 0.8% (paulo.trevisani@wsj.com; @ptrevisani)
(END) Dow Jones Newswires
March 02, 2026 15:43 ET (20:43 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
Comments