Treasury Yields Soar Amid Escalating Middle East Tensions

The U.S. Treasury market has experienced a sharp selloff on Tuesday, pushing the 30-year Treasury yield to its highest level in nearly 20 years.

The surge in yields is attributed to concerns over escalating tensions in the Middle East and rising inflation fears, which have exerted pressure on both stocks and currencies.

Oil prices have also surged for the third day, with Brent crude touching its highest since last month, further exacerbating market volatility.