Dollar Surges Amid Gulf Tensions, Bond Yields Soar
The US dollar strengthened on Tuesday amid renewed Gulf attacks and global bond selloffs.
US President Donald Trump threatened further strikes against Iran after a month of direct attacks, sparking inflation worries and fuelling a bond selloff.
The yield on 10-year Treasury notes hit its highest since January 2025 at 3%, while the 10-year Japanese government bond yield touched 3% for the first time in 30 years.