[MARKET ANALYSIS] Treasury futures retreated and yields climbed as higher oil prices stoke inflationary concerns

The retreat in U.S.

Newsquawk StaffPublished 13 Apr 2026, 02:49 UTCOn the live feed at 02:29 UTC, 20 minutes before this page

Newsquawk headlinesUTC

03:27

[MARKET ANALYSIS] Asia-Pac stocks are pressured and oil surged after US-Iran talks failed and Trump announced a Hormuz blockade

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[MARKET ANALYSIS] Dollar strengthened on haven demand after US-Iran talks failed and Trump announced a Hormuz blockade

02:29

[MARKET ANALYSIS] Treasury futures retreated and yields climbed as higher oil prices stoke inflationary concerns

02:17

McDonald's (MCD) will add energy drinks and crafted sodas to its menus, according to WSJ

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[MARKET ANALYSIS] Oil surged after US-Iran talks failed and Trump announced a US naval blockade for the Strait of Hormuz

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USTs: -9 ticks

T-note futures retreated with the focus on geopolitics and as the surge in oil prices stoked inflationary concerns.

Bunds: -39 ticks

Fell beneath the 125.00 level as the latest geopolitical developments propelled EU gas futures higher by double-digit percentages.

JGBs: -30 ticks

Conformed to the downside in global peers with Japan's 10yr yield rising to its highest since 1997 shortly after the reopening, although JGB futures are off their worst levels as the higher oil prices, dampening effects on the economy and inflationary fears muddle the outlook for BoJ policy.

Context

Treasury futures and the climb in yields reflect heightened inflationary concerns spurred by rising oil prices. This environment suggests a potential shift in market sentiment regarding the Federal Reserve's monetary policy, as persisting inflationary pressures could impact future rate decisions. Additionally, the global fallout from these geopolitical developments is influencing yields in other markets, such as Bunds and JGBs, indicating a broader tightening dynamic across fixed income assets.

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