One War, Two Prices: Bond Yields and the Pump

Yields have risen all along the Treasury spectrum since the start of the US-Iran war, according to Econbrowser's chart post, which plots the change since February 27 in ten-year Treasury yields and in ten-year TIPS. That is one place a distant conflict surfaces: the price of government borrowing. PBS reported another this week — the war in Iran continues to drive up oil prices — while covering the rollback of federal fuel economy standards, a policy choice made in a fuel market moving the other way.