Stock Indexes Retreat as Crude Oil and Bond Yields Climb The global economy is grappling with a perfect storm of rising crude oil prices and climbing bond yields.
The usually stoic markets are showing signs of unease, as investors worry about the implications of a potential supply disruption in the Strait of Hormuz.
The latest round of attacks on Iranian targets by the US has pushed crude oil prices to a six week high, with WTI up over 2%. This development is putting upward pressure on bond yields, as inflation expectations rise.