U.S. Treasury yields surge across the board, with the first Fed rate cut now expected to be delayed until September

格隆汇 March 3｜U.S. Treasury bonds were sold off, leading to higher yields, as the United States and Israel bombed Iran amid escalating conflicts. This move disrupted the energy market and triggered an outflow of safe-haven funds. Despite the strengthening dollar, concerns over energy-driven inflation and the high costs of prolonged conflict have dampened demand for U.S. government bonds. Marc Chandler of Bannockburn stated: "This is the result of both position adjustments and the inflationary impact brought by rising oil prices." He pointed out that investors are postponing their bets on a Federal Reserve rate cut from July to September. The yield on the 10-year U.S. Treasury rose by 0.090 percentage points to 4.051%; the yield on the 2-year U.S. Treasury rose by 0.108 percentage points to 3.485%.