ME News reports that on September 29 (UTC+8), Asia’s bond market is expected to follow U.S. Treasuries lower, as tensions between the U.S. and Iran keep oil prices elevated, intensifying inflation concerns and increasing market expectations of further Fed rate hikes. New Zealand government bonds opened lower, and Australian government bond futures may decline. The benchmark 10-year U.S. Treasury yield rose as much as 11 basis points to 5.27%, hitting a 19-year high; the 30-year yield climbed to 5.55%. Morgan Stanley analyst Chris Larkin said market focus is likely to remain on interest rates and energy prices. (Source: ChainCatcher)
U.S.-Iran tensions push oil prices; Asian bond markets may follow U.S. yields lower
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Summary
U.S.-Iran tensions drive oil prices higher, with altcoins under watch responding to shifting market sentiment. Asian bond markets may follow U.S. yields lower as inflation concerns intensify. The 10-year U.S. Treasury yield reached 5.27%, a 19-year high. Morgan Stanley’s Chris Larkin notes that focus remains on energy prices and interest rates. Fear and Greed Index readings indicate mixed investor behavior amid rising volatility. New Zealand bonds opened lower, with Australia likely to follow.
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