Reuters Morning Bid Markets get whiplash
Mar 24, 2026
U.S.-Iran tensions create rapid market reversals and fragile investor sentiment. Treasury yields are acting as a brake on disruptive moves. Oil jumps above $100 amid supply worries and closed shipping lanes. PMI surveys offer the first snapshot of how the conflict may be denting business confidence.
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Treasury Yields Act As A Market Brake
- Markets are primed to pivot sharply on any sign the Iran conflict will end.
- Mike Dolan highlights that rising US Treasury yields act as a market brake and can force political retreat, as on Liberation Day.
Monitor 10 Year Treasury Moves Closely
- Watch 10‑year US Treasury moves as a leading risk signal for markets and policy fallout.
- Mike Dolan points to yesterday's extreme jump in yields as a trigger that pulled markets back and restrained policy moves.
$100 Oil Driven By Ongoing Strait Disruption
- Oil rallied above $100 because strikes continue and Hormuz remains closed, keeping supply fears front and center.
- Amanda Cooper notes missiles are still flying and safe passage hasn't returned, so oil stays the dominant market driver.