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But we saved everything 🙂.
A brief drop in 10-year U.S. Treasury yields to below 4 percent was overshadowed by fresh geopolitical risks as reports surfaced about a possible closure of the Strait of Hormuz.
Luke Gromen drew attention to the rapid turnaround for bond market sentiment, noting that investors celebrating lower yields on Friday were met by escalating uncertainty on Saturday. Such a development could have significant implications for global markets given the importance of the waterway to oil transit and financial stability.