Middle East conflict triggers global "deficit panic": 30-year U.S. Treasury yield approaches 4.9%, all bond market gains this year have been wiped out!
Concerns over fiscal spending triggered by the US-Iran war are sweeping the global bond market, with long-term government bonds facing a new round of selloffs.
On Friday, the 30-year US Treasury yield climbed to nearly 4.90%, marking a nearly one-month high. Since the outbreak of war on February 28,