U.S. endures weakest Treasury auctions in over 3 years as anxiety around Iran war grows

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a glimpse into the growing anxiety in markets as the fighting in the Middle East enters a fifth weekend.Microsoft’s stock hasn’t been this oversold in a decade, with the tech giant ‘really losing the AI narrative’Is Trump losing his grip on the stock market? Sustained declines suggest the president’s influence has waned.‘He didn’t seem very alert’: Our CPA said we owe the IRS $443, but we’re actually due a refund of $637. Do we fire him?My brother says lawyers can get him a Medicaid nursing home in Florida for a ‘hefty fee,’ despite his assets. Is this a scam?“I’m not really that surprised,” said Robert Pavlik, senior portfolio manager at Dakota Wealth Management, of weak demand at recent auctions. “The last thing people are racing to do is to jump into any kind of fixed income — much less Treasurys — because the risk of inflation is ramping up.”A worry is that the Federal Reserve might need to raise interest rates to tame inflation. The central bank recently left one more cut to rates penciled in for 2026.The selloff in bonds had the 10-year yield BX:TMUBMUSD10Y at 4.4% Friday, up from a brief dip below 4% in early March. The 2-year yield BX:TMUBMUSD02Y was at 3.9% after surging about 60 basis points over the same stretch, according to FactSet. Bond prices move in the opposite direction of yields.Investors have been hesitant to step in front of the March selloff, wrote BofA Global’s rates strategy team, led by Mark Cabana, in a Friday client note. As evidence, the Treasury market just logged its worst share of tepid auctions in a month in nearly three-and-a-half years.- BofA Global, BloombergOil prices CL00 BRN00 have surged more than 40% since the U.S. and Israel attacked Iran on Feb. 28. That’s kept global crude prices above $100 a barrel, with the risk of them reaching $200 still a concern.Iran’s gatekeeping of oil-tanker traffic through the crucial Strait of Hormuz has produced a historic energy shock around the globe. That’s increased prices at U.S. gas pumps and raised alarm about food prices and agricultural shortages that could be part of the fallout.“Investors are shortening up, staying safe and waiting for clarity,” said Matt Wrzesniewsky, head of fixed-income client-portfolio management at Vanguard. Investors naturally ask for a bit of extra yield in jittery markets, he noted, especially when facing the uncertainty of geopolitical conflict. “That’s a prudent response, not a panic.”Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoTrending tickersBTC-USD Bitcoin USD 66,431.08 +102.55 (+0.15%)ETH-USD Ethereum USD 1,996.97 +6.83 (+0.34%)XRP-USD XRP USD 1.33 +0.01 (+0.44%)BTC-CAD Bitcoin CAD 92,342.52 +142.55 (+0.15%)SOL-USD Solana USD 82.15 -0.63 (-0.77%)PortfolioSign in to access your portfolioSign inTop gainersAGX Argan, Inc. 566.62 +155.77 (+37.91%)U Unity Software Inc. 19.45 +2.32 (+13.54%)ADV Advantage Solutions Inc. 25.57 +2.99 (+13.27%)ADMA ADMA Biologics, Inc. 9.25 +0.96 (+11.58%)MEOH Methanex Corporation 65.22 +5.76 (+9.69%)Top losersFLY Firefly Aerospace Inc. 23.71 -3.11 (-11.58%)YOU Clear Secure, Inc. 47.44 -5.96 (-11.16%)ASTS AST SpaceMobile, Inc. 78.67 -9.19 (-10.46%)HNGE Hinge Health, Inc. 36.25 -3.93 (-9.78%)ZETA Zeta Global Holdings Corp. 14.55 -1.53 (-9.51%)Most activeNVDA NVIDIA Corporation 167.52 -3.72 (-2.17%)GRAB Grab Holdings Limited 3.5700 -0.1400 (-3.77%)TSLA Tesla, Inc. 361.83 -10.28 (-2.76%)INTC Intel Corporation 43.13 -0.97 (-2.20%)NU Nu Holdings Ltd. 13.60 -0.42 (-3.00%)Top economic eventsEarnings eventsMy earnings eventsEarnings events