1422 ET - Markets' initial reaction to the conflict in Iran was to sell U.S. equity and bonds, while amassing dollars. "It could just be a situation where you're buying dollars because you need to spend it on crude or [on] all other commodities that are going up," Natxis' John Briggs says. "It could be just going into cash and if you have an exposed position, you're a hedge fund, you are just getting back to flat and re-evaluating things." With short-term yields relatively high, holding cash may be a good bet until geopolitical tension eases, Briggs says. U.S. stocks recover from early lows while Treasury yields remain elevated. (paulo.trevisani@wsj.com; @ptrevisani)
(END) Dow Jones Newswires
March 02, 2026 14:22 ET (19:22 GMT)
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