Markets Slide and Bond Yields Rise as Oil Surpasses $100 Amid Middle East Tensions
Global equities declined and government bond yields climbed as crude oil prices exceeded $100 per barrel following heightened geopolitical friction in the Middle East. The market volatility coincides with new U.S. Treasury bond policy disclosures and warnings from Treasury Secretary Bessent regarding foreign exchange stability.
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Bessent bond plan details to be revealed as Treasury secretary warns FX traders he's 'the house now'
The department is expected to announce around 11 a.m. the size of a buyback operation it announced Aug. 19.
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