Oil prices climb, bond yields rise as US-Iran ceasefire expires
SINGAPORE: Oil prices crept higher and bond yields rose, blunting paltry gains for stocks at the start of Asian trading on Tuesday as a US-Iran truce expired and Tehran said it would shift to a “fully offensive” military posture. MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.8%, buoyed by South Korea’s KOSPI rising more than 3% as the Seoul market returned after a holiday.…
Oil prices climbed and bond yields rose on Tuesday, as the US-Iran truce that had been in place for a few weeks expired. MSCI's Asia-Pacific index outside Japan increased by 0.8%, driven by South Korea's KOSPI rising over 3%. The Nikkei 225 fell by 0.3%, while S&P 500 e-mini futures remained flat. The yield on the US 10-year Treasury bond rose 0.8 basis points to 4.728%.
The 30-year bond traded up 0.6 basis points to 5.3146%, its highest level in over two decades. Experts noted that moves above 4.65% for the US 10-year typically prompt positive statements from the Trump administration, but this time, such reassurances were not forthcoming. Instead, indications suggested the truce would not be extended, as tensions in the Middle East remained high and pushed oil prices up further.
The US dollar index showed a two-month low of 99.527. Oil prices jumped more than $2 on Monday as the stalemate in Iran reignited concerns about supply disruptions. Brent crude futures rose 0.2% to $91.06 a barrel. Gold climbed 0.1% to $4,420.07, while Bitcoin increased by 0.1% at $64,398.48, and Ether rose 0.3% to $1,911.40.
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- US stocks fall as bond yields jump, oil prices rise news.rthk.hk
- Oil prices climb, bond yields rise as US-Iran ceasefire expires straitstimes.com
