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Bonds slip after Trump's rejection of Iran Strait of Hormuz proposal
Mortgage News Daily said bonds fell even as oil moved higher, with yields staying relatively elevated as traders awaited clearer changes in the war or the economy.
Bonds lost ground overnight after traders reacted to President Donald Trump’s rejection of a proposal to reopen the Strait of Hormuz, according to Mortgage News Daily.
The outlet said the reaction was not limited to oil price moves, noting that oil rose during the overnight session while bonds increasingly appeared detached from oil’s direction.
Mortgage News Daily attributed the ongoing yield pressure to traders waiting for a substantive change in the war or the broader economy, framing the move as relatively straightforward despite headlines and volatility.