{"id":72187,"date":"2026-09-24T11:38:19","date_gmt":"2026-09-24T15:38:19","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-rallied-by-bond-selloff-and-middle-east-tensions\/72187\/"},"modified":"2026-09-24T11:38:19","modified_gmt":"2026-09-24T15:38:19","slug":"global-markets-rallied-by-bond-selloff-and-middle-east-tensions","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-rallied-by-bond-selloff-and-middle-east-tensions\/72187\/","title":{"rendered":"Global Markets Rallied by Bond Selloff and Middle East Tensions"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>US Treasury yields surged to multi-year highs<\/strong>, with the 10-year yield hitting <strong>5.15%<\/strong> and the 30-year reaching <strong>5.45%<\/strong>, driven by rising <a href=\"https:\/\/stockmarketwatch.com\/energy\/crude-oil\" data-internallinksmanager029f6b8e52c=\"12\" title=\"Crude oil\">oil prices<\/a> and robust economic data.<\/li>\n<li><strong>Middle East tensions escalated<\/strong> as the UAE suspended all Iranian airline flights to comply with US sanctions, while Israeli sources warned that new strikes on Iranian nuclear facilities are a &quot;matter of time.&quot;<\/li>\n<li><strong>UK MPs launched a formal inquiry<\/strong> into the Bank of England\u2019s (BoE) remit, questioning if its 30-year-old operational independence remains &quot;fit for purpose&quot; amid persistent inflation.<\/li>\n<li><strong>US natural gas futures jumped 5%<\/strong> following reports of a pipeline issue, while Russia significantly lowered its 2026 oil product export outlook by <strong>24 million tons<\/strong>.<\/li>\n<\/ul>\n<h2>Bond Markets and Macroeconomics<\/h2>\n<p>The global bond selloff deepened on Thursday as <strong>US Treasury yields<\/strong> reached levels not seen in nearly two decades. The benchmark <strong>10-year yield<\/strong> climbed to <strong>5.15%<\/strong>, its highest since 2007, while the <strong>30-year yield<\/strong> touched <strong>5.45%<\/strong>, a peak last reached in 2004. This &quot;disorderly&quot; move was fueled by a combination of surging oil prices, stronger-than-expected manufacturing data, and weak demand at recent government debt auctions.<\/p>\n<p>In the United Kingdom, the cross-party <strong>Treasury Committee<\/strong> announced a major inquiry into the <strong>Bank of England<\/strong>. The probe will evaluate whether the central bank&#39;s current framework is still effective 30 years after it was granted independence. MPs are specifically looking at the BoE&#39;s record on price stability after the UK experienced a more prolonged inflation surge than many of its G7 peers.<\/p>\n<h2>Geopolitical Escalation in the Middle East<\/h2>\n<p>Aviation and energy markets are on high alert as the <strong>UAE General Civil Aviation Authority<\/strong> suspended all flights by Iranian airlines to and from the country. The move is a direct response to intensified US Treasury sanctions targeting Tehran&#39;s aviation sector. Regional hubs like Dubai and Abu Dhabi are choosing to align with US financial compliance to avoid being locked out of the dollar-clearing system.<\/p>\n<p>Simultaneously, an Israeli source told Saudi-owned <em>Al Hadath<\/em> that a new round of strikes against <strong>Iran<\/strong> appears inevitable. The source claimed that Israel is prepared to strike nuclear facilities again if Tehran crosses &quot;red lines,&quot; specifically citing concerns over the fortification of the <strong>Natanz<\/strong> nuclear site. These developments have added a significant risk premium to crude oil, with <strong>Brent crude<\/strong> trading near <strong>$105 per barrel<\/strong>.<\/p>\n<h2>Energy Supply Disruptions<\/h2>\n<p>Energy markets faced further volatility as <strong>US natural gas futures<\/strong> spiked as much as <strong>5%<\/strong>. The jump followed reports of a pipeline issue, adding to existing supply concerns. This comes as Enbridge (<a href=\"\/stock\/ENB\">ENB<\/a>) continues to navigate the fallout from a massive 1.3-million-gallon natural gas liquids spill on its <strong>Line 5<\/strong> pipeline in Wisconsin, which has drawn federal investigations into suspected sabotage.<\/p>\n<p>In Eastern Europe, <strong>Russia<\/strong> has drastically revised its energy outlook. According to Interfax, Moscow cut its 2026 oil product export forecast by <strong>24 million tons<\/strong>, bringing the total down to <strong>98.5 million tons<\/strong>. The revision reflects the ongoing impact of Western sanctions and the diversion of crude supplies to Asian markets as European buyers finalize their exit from Russian energy dependencies.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways US Treasury yields surged to multi-year highs, with the 10-year yield hitting 5.15% and the 30-year reaching 5.45%, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50383,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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