"Now that the reality is sort of sinking in that perhaps the oil price might stay high for a bit longer, given that it's hard to see an end to the war anytime soon, the growth impact is starting to become more of a focus. The buzzword here is stagflation."
"Oil prices have surged above $100 a barrel since the US and Israel began attacking Iran on 28 February. This has raised fears of higher inflation, and led to a dramatic shift in interest rate expectations."
Government bonds globally are experiencing their largest monthly losses in over a year, driven by fears of prolonged conflict in the Middle East affecting inflation and economic growth. Bond prices have fallen, leading to higher yields, with the two-year US Treasury yield rising by approximately 50 basis points. Oil prices have surged above $100 a barrel, raising inflation concerns and altering interest rate expectations. Central banks, including the Bank of England and the European Central Bank, are now expected to raise interest rates, while the US Federal Reserve is anticipated to maintain current rates.
Read at www.theguardian.com
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