Treasury yields edge higher as U.S. and Iran exchange strikes
Geopolitics
The U.S. and Iran exchanged military strikes near the Strait of Hormuz, sending Treasury yields higher as risk-off and oil-supply-disruption fears compete. The setup creates a classic geopolitical spike trade: crude and defense names pop on fear while long-duration Treasuries face conflicting safe-haven demand vs. inflation/supply shock repricing.
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Angle
↑ LONG+6% target-4% stoptactical / 3-5 days
Long crude via USO and defense names LMT/RTX on Strait of Hormuz disruption fear; fade TLT as yield spike signals inflation/supply shock dominates safe-haven bid.