Rate-Spike Hedgers Go "Bonkers" As Iran Attacks Spike Oil; Stocks, Gold, & Crypto All Tank

Tl;dr: The surge of global sovereign bond yields to 18 year highs (in aggregate) stole the early headlines but renewed attacks on Iran 'Trumped' that (unusually during the trading day) sending oil soaring, yields higher, and stocks lower. Dollar strength prompted losses for bullion and bitcoin as fears of rate-spikes exploded as stagflation fears surge.

Energy