1005 GMT - Soaring oil prices accelerate a selloff in U.S. Treasurys, particularly short-dated Treasurys. Brent crude last trades at $118.68, having hit an intraday high of $119.13, as attacks on energy infrastructure in the Gulf strengthens fears of supply disruptions. Meanwhile, the Federal Reserve held rates on Wednesday and suggested a near-term cut was unlikely. "Escalating tensions in the Middle East remain a key market force, with continued disruptions to regional energy infrastructure pushing oil prices higher and amplifying inflation concerns," says Naga's Frank Walbaum in a note. The two-year Treasury yield rises to 3.830%, the highest since August, before easing to 3.816%--still up 7.5 basis points on the day--, according to Tradeweb data. The 10-year yield rises 3.2bps at 4.287%. (emese.bartha@wsj.com)
(END) Dow Jones Newswires
March 19, 2026 06:05 ET (10:05 GMT)
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