Oil is driving the rise in long - term yields; Everything else is just noise
The rise in long-term bond yields is being blamed on a growing list of factors, but there is a much simpler explanation sitting in plain sight: oil prices are the main driver of the rise in long-term yields, and the Iran war is the reason oil is rising.Brent crude has pushed back above $100 a barrel as the US-Iran conflict escalated, while the 10-year Treasury yield has climbed above 4.8%, its highest level since 2023.
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