Asian bonds fell along with U.S. Treasuries amid concerns about government finances.
The rise in oil prices heightened inflation fears: Brent rose to $91.10 per barrel after the outlook for peace in the Middle East deteriorated, while Trump dismissed the idea of extending the deal with Iran.
Bond yields rose significantly—the 30-year U.S. bond reached 5.32%, its highest level since 2007—reflecting worries about government spending and inflation that remains above the Federal Reserve’s target.
The Asian stock market was virtually unchanged, although South Korea gained 1.2% as chip manufacturers recovered. Gold advanced to $4,425 per ounce amid geopolitical volatility and inflationary tensions. In corporate news, Nvidia will invest up to $105 billion in a data center campus in Ohio for OpenAI.
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