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East hostilities stoked fears of an inflation resurgence.Rapidly rising bond yields tend to unleash havoc on Wall Street. They can derail the stock market SPX, send a chill through capital markets and raise borrowing costs for households and businesses.A 20% Social Security cut looms. Here’s how warning Americans could make it even worse.Micron and other memory stocks see outsized losses. What’s behind the big moves?The 10-year Treasury yield BX:TMUBMUSD10Y surged 9 basis points to 4.051% on Monday, its biggest daily increase since June 6, according to Dow Jones Market Data. Bond yields move in the opposite direction to prices.“Wars are inflationary because you are burning money,” said Harley Bassman, managing director at Simplify Asset Management. “You buy a missile, it blows up and it is gone.” That said, what matters now is how long the conflict will last, he said.President Donald Trump said Monday that the Iran operation could last four to five weeks — or longer — but also that he was willing to talk with emerging leaders in Iran after U.S.-Israeli military strikes over the weekend killed the nation’s leader, Ayatollah Ali Khamenei. “Somebody said today, they said, ‘Oh, well, the president wants to do it really quickly. After that, he’ll get bored.’ I don’t get bored. There’s nothing boring about this,” Trump said in a White House briefing.Also read: Trump leaves door open for extended U.S. campaign against IranThe Treasury selloff comes on the heels of a surprising rally for U.S. government bonds that coincided with a violent rotation under the surface of the stock market as investors looked for places to hide from selling in technology and software stocks.Signs that the U.S. economy might be reaccelerating also have cropped up, helping small-cap stocks RUT overperform their large-cap peers in 2026, as well as other economically sensitive parts of the equity market.Yet the risk of artificial intelligence overtaking the software industry, making other business lines obsolete and triggering painful white-collar job losses, also have been concerns.That had Treasurys briefly looking like a port in the storm, with the benchmark 10-year rate dipping below the psychologically important 4% threshold last week. Because the rate serves as a peg for home loans, it helped pull the 30-year mortgage rate below 6% for the first time since 2022.Bigger picture, bond-market jitters had appeared on the radar even before the weekend attack on Iran. The closely watched ICE BofA MOVE Index, which tracks investor anxiety over interest-rate moves based on a 30-day horizon, had spiked to 73.38, its highest level of the year.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P Futures6,806.50 -18.25 (-0.27%)Dow Futures48,402.00 -158.00 (-0.33%)Nasdaq Futures24,656.50 -99.25 (-0.40%)Russell 2000 Futures2,601.50 -10.60 (-0.41%)VIX24.50 +0.93 (+3.94%)Gold5,189.60 +65.90 (+1.29%)Trending tickersMOBX Mobix Labs, Inc. 1.1200 +0.9430 (+532.77%)CRWD CrowdStrike Holdings, Inc. 391.42 +6.56 (+1.70%)MRNA Moderna, Inc. 49.83 -3.02 (-5.71%)ETH-USD Ethereum USD 2,062.29 +106.92 (+5.47%)^KS11 KOSPI Composite Index 5,093.54 -698.37 (-12.06%)PortfolioSign in to access your portfolioSign inTop gainersKTB Kontoor Brands, Inc. 78.18 +13.36 (+20.61%)INGM Ingram Micro Holding Corporation 24.41 +3.06 (+14.33%)INTA Intapp, Inc. 26.14 +2.70 (+11.52%)TDW Tidewater Inc. 87.67 +7.80 (+9.77%)AVAV AeroVironment, Inc. 228.30 +19.98 (+9.59%)Top losersMDB MongoDB, Inc. 252.73 -72.28 (-22.24%)STNE StoneCo Ltd. 13.73 -3.30 (-19.38%)LIF Life360, Inc. 43.97 -9.82 (-18.26%)SE Sea Limited 87.82 -17.39 (-16.53%)ALG Alamo Group Inc. 184.78 -33.69 (-15.42%)Most activePLUG Plug Power Inc. 2.2300 +0.4200 (+23.20%)NVDA NVIDIA Corporation 180.05 -2.32 (-1.27%)ONDS Ondas Inc. 10.02 -0.65 (-6.09%)AAL American Airlines Group Inc. 12.46 -0.06 (-0.48%)F Ford Motor Company 12.70 -0.69 (-5.15%)Top economic eventsEarnings eventsMy earnings eventsEarnings events