Svmuu News: With no signs of the conflict in the Middle East easing and oil prices continuing to soar, investors continued to sell off U.S. Treasuries, following last week’s trend. Barclays interest rate strategists Anshul Pradhan and Demi Hu noted in a report that U.S. Treasuries failed to serve as a safe haven last week, as the impact of the Middle East war has been felt more in terms of inflation and broader budget deficits rather than a slowdown in U.S. economic growth. The two rate strategists noted that this has forced the market to reprice the policy rate path and fiscal risk premiums. “With weak economic data taking a back seat, the duration of the conflict has become the key factor.” According to Tradeweb data, the yield on the two-year U.S. Treasury note rose 5.9 basis points intraday to 3.611%, while the yield on the 10-year note rose 5.7 basis points to 4.187%. (Jin Shi)