2125 GMT - Bonds have generally followed movements in oil prices over the past week, but the pair are starting to decouple, says ANZ Bank. Fixed income markets have sold off sharply, it says. While the sell-off was originally concentrated at the front end, long-end yields are now following suit, ANZ says. The yield on the UK 10-year gilt rose to its highest level since 2008. The change comes amid a clear shift in investor expectations regarding the impacts and duration of the conflict in Iran, ANZ says.(james.glynn@wsj.com; X @JamesGlynnWSJ)
(END) Dow Jones Newswires
March 22, 2026 17:25 ET (21:25 GMT)
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