Japanโs Bond Yields Rise as Oil Concerns Fuel Global Selloff
Japanโs government bonds slumped on Friday, tracking a selloff in the US bond market after escalating Middle East tensions drove up oil prices.
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Japanโs government bonds slumped on Friday, tracking a selloff in the US bond market after escalating Middle East tensions drove up oil prices.
Australian bonds slid, tracking an overnight slump in Treasuries after escalating Middle East tensions drove up oil prices.
Industrial metals retreated as escalating hostilities in the Middle East underscored lingering headwinds, after a key gauge of prices on the London Metal Exchange surged to an all-time high.
Qatar on Tuesday vowed to prioritise Chinaโs energy supply and safeguard shipments through the Strait of Hormuz, as both countries coordinated efforts to de-escalate Middle East tensions. During a meeting in Beijing, Chinese Foreign Minister Wang Yi and Qatari Prime Minister and Foreign Minister Sheikh Mohammed bin Abdulrahman Al Thani stressed the importance of unimpeded maritime traffic through the waterway. Sheikh Mohammed affirmed Dohaโs โsupport for all diplomatic efforts and endeavours...
Oil edged higher on renewed concern that escalating US-Iran tensions may disrupt crude supplies and stoke inflation after the two sides traded attacks over the weekend.