Bond.az reports that futures tracking the Nasdaq and S&P 500 fell more than 1% on Friday as a jump in Treasury yields sparked inflation worries due to the Middle East conflict.
The yield on the 10-year Treasury note hit 4.54%, its highest since early June 2025.
Growing evidence of economic damage from the Iran war has led investors to anticipate faster interest rate hikes and slower growth.
The odds of a 25-basis-point Fed rate hike in December have more than doubled to around 40% over the past week.
Brent crude rose nearly 3% to $109 a barrel as the Strait of Hormuz remained closed.
