U.S. Treasury yields continue to rise, with safe-haven buying temporarily subdued

Odaily Planet Daily News: U.S. Treasury yields edged higher during Asian trading hours, continuing Monday’s trend. The market remains focused on the potential inflation impact from rising oil prices due to the Middle East conflict. On Monday, U.S. Treasury yields surged significantly, reversing the brief safe-haven buying seen earlier. Dutch bank ING’s rate strategists Padhraic Garvey and Michiel Tukker stated in a report, “Frankly, we are surprised by how short-lived the safe-haven flow into bonds has been.” They pointed out that, from a broader perspective on the Middle East situation, further deterioration would undoubtedly reignite safe-haven demand, “but the subsequent reaction after the initial shock has already been quite pronounced.” (Jin10)