as the Middle East conflict shows no signs of easing, oil prices continue to soar, and investors have continued last week's trend of selling U.S. Treasury bonds. Barclays rate strategists Anshul Pradhan and Demi Hu stated in a report that U.S. Treasuries failed to act as a safe haven last week because the impact of the Middle East war leans more towards inflation and broader budget deficits rather than a slowdown in U.S. economic growth. The two rate strategists said this forced the market to reprice the policy rate path and fiscal risk premium. "With weak economic data taking a back seat, the duration of the conflict becomes key." According to Tradeweb data, the two-year U.S. Treasury yield rose 5.9 basis points intraday to 3.611%, and the 10-year Treasury yield increased 5.7 basis points to 4.187%.