‼️ 💰 Treasuries extended last week’s selloff Monday as oil rallied after Trump rejected Iran’s latest proposal to reopen the Strait of Hormuz, stoking inflation fears; the rate-sensitive two-year yield rose five basis points to 4.90% and the 10-year climbed four basis points to 5.20%, with sovereign bonds in Japan and Australia also falling, extending a slide that had already pushed yields across tenors to multiyear highs on hawkish Fed commentary last week.
