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Treasury yields steady as Trump strikes diplomatic tone on Iran ahead of midterms

Trump made a pledge not to strike Iran until after the midterm elections today to try to calm riled oil markets. As I wrote yesterday, So much war to finance, you know, and so much higher inflation due to the fact that this war attacks oil directly, and that isn’t letting up: As if on cue, oil soared today, blowing way past the $100 level, shooting all the way up to just under $106 for Brent crude midday, and finally settling back to a little over $104, which yielded a 4% rise in…

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