(March 30): Sovereign bonds are rising around the world as concern the Middle East conflict will derail global economic growth revives demand for beaten-down government debt. US Treasuries advanced with Australian and Japanese bonds in Asian trade on speculation that surging oil prices may be just a harbinger of a protracted global fuel shortage. Yields on Treasury two-year notes, among the securities most sensitive to shifts in monetary policy, fell three basis points to 3.88%, after sliding seven basis points on Friday. Those on benchmark 10-year debt dropped three basis points to 4.40%. Australia’s three-year yields slid as much as nine basis points to 4.71%, while yields on Japanese two-year debt declined two basis points to 1.36%.

Source: The Edge Markets March 30, 2026 04:31 UTC