Treasuries Join Global Bond Rally as Oil Drops From Recent Peak

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000The US Treasury building in Washington.Treasuries gained as oil prices retreated from recent highs, allaying some angst about their inflationary potential while lingering at levels that stoke concern that elevated energy prices will slow economic growth.The bond rally trimmed yields across Treasury maturities by two to four basis points, erasing most of their increases from Friday when the US benchmark crude futures contract closed near $100 a barrel, its highest level since mid-2022. It topped that level when trading resumed Monday in Asia, before retreating back toward $95.