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The bond market is flashing a warning over Iran. A veteran of energy geopolitics explains the risk
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- Don't look now, but the pain from high energy prices might be about to bite Americans twice.
- With no end in sight to the war in Iran and oil prices stuck above $100 a barrel, bond traders worried about inflation have sold off long-term government debt in the U.S. and developed economies in recent days.
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Don't look now, but the pain from high energy prices might be about to bite Americans twice.
With no end in sight to the war in Iran and oil prices stuck above $100 a barrel, bond traders worried about inflation have sold off long-term government debt in the U.S. and developed economies in recent days. That has the effect of raising bond yields, including on the benchmark 10-year Treasury note, which rose nearly 24 basis points in the past week to end Friday near 4.6%.
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