GLOBAL BOND YIELDS SURGE ON IRAN WAR, STRAIT OF HORMUZ CLOSURE

GLOBAL BOND YIELDS SURGE ON IRAN WAR, STRAIT OF HORMUZ CLOSURE Yields reaching "frightening levels" as war in Iran and effective closure of the Strait of Hormuz drive oil prices and inflation expectations higher. Investors demand higher returns on government debt.

Iran war risk and Strait closure spike bond yields via flight-to-safety and oil supply shock.