Treasury yields climb higher as investors monitor Iran war and soaring oil price

Group 1: Treasury Yields and Inflation Concerns - U.S. Treasury yields increased, with the 10-year yield rising over 3 basis points to 4.17% and the 30-year yield up 3 basis points to 4.788% [1] - The 2-year Treasury note yield also rose over 4 basis points to 3.598%, indicating a response to inflation fears [1] Group 2: Oil Prices and Economic Impact - Oil prices surged over 25% earlier, exceeding $110 per barrel, raising concerns about energy costs and inflation [2] - West Texas Intermediate later adjusted to around $99 per barrel, while Brent crude was trading at $102 per barrel [2] - The increase in oil prices was attributed to production cuts by major Middle Eastern oil producers amid geopolitical tensions [3] Group 3: Upcoming Economic Data and Federal Reserve Actions - Investors are anticipating a busy week of economic data releases, including February inflation data and personal consumption expenditures index [3] - Federal Reserve officials are currently in a blackout period ahead of the March interest rate decision, which may influence market expectations [4]