Stocks Tumble as Crude Oil Soars and Bond Yields Rise

Global bond yields are soaring today, weighing on stocks amid the potentially inflationary impact of surging energy prices. The 10-year German bund yield jumped to a 2.5-week high of 2.814%, the 10-year UK gilt yield rose to a 3-week high of 4.536%, and the 10-year T-note yield climbed to a 2-week high of 4.12%.President Trump said Monday that combat operations against Iran could last for weeks until all objectives were completed. President Trump has called for Iran’s leaders to capitulate, but Iran’s secur ...