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SecuritiesMacro Signals
US Treasury Selloff: Fed Hawkishness, Oil Shock, Structural Demand Shift

Between late April and late May 2026, US Treasuries sold off sharply as a US-Iran conflict-driven oil supply shock pushed inflation expectations to multi-month highs, the Fed turned hawkish under Powell, and structural changes in buyer composition removed a reliable yield ceiling. The 30-year yield breached 5% for the first time since 2007 while the bearish case increasingly dominated.

US · 26-05-28 · 7 sources
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3
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