Treasuries Sink as Oil Jump Stokes Inflation Fears: Markets Wrap

WATCH: UBS’ Claudia Panseri says the selloff in European stocks can be considered “a good entry point considering valuation.”Source: Bloomberg

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By Rita Nazareth

March 1, 2026 at 8:13 PM UTC

Updated on

March 2, 2026 at 10:05 PM UTC

Oil surged as the Iran war threatened to snarl shipping lanes, stoking inflation fears that pummeled bonds amid diminishing odds for a rate cut. The dollar rose. Stocks erased losses.

Also weighing on Treasuries were figures showing manufacturing expanded, with input prices jumping. Ten-year yields saw their biggest advance since October. The S&P 500 was little changed after a slide that earlier topped 1%. Energy and defense shares gained. Several tech firms with solid balance sheets rallied. Airlines sank. Gold topped $5,300.