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Bond traders are surrendering to inflation fears. It's raising the stakes for Washington qz.comBond Strategists Warn Yields to Stay High Even If Iran War Ends Bloomberg.comUS Treasury rout tests Washington's tolerance for higher borrowing costs ReutersUS debt is the 'elephant in the room' amid bond rout as interest costs could drive larger deficits Fortune
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The U.S. appears close to reaching an agreement that would end the war with Iran and reopen the strategic Strait of Hormuz, according to reports Sunday, sending oil prices sharply lower.
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The fed funds futures market is pricing in an increase as soon as December.
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