European bonds join Treasury rally as lower oil prices ease inflation fears

Core Viewpoint - Benchmark Treasury yields are stabilizing within a months-long trading range as concerns about an inflation shock from rising oil prices diminish [1] Group 1 - Treasury yields are currently hovering near the midpoint of their trading range, indicating a period of stability in the bond market [1] - The fading fears of an inflation shock are attributed to the recent behavior of oil prices, which have not surged to levels that would significantly impact inflation expectations [1]