Bonds' Oil-Driven Selloff Stalls as Growth Concerns Return

Treasuries wiped out an early slump as investor focus turned to the risk that surging energy prices will become a drag on economic growth. Yields were lower by about a basis point at midday in New York after erasing increases of six to seven basis points. They had risen along with oil benchmarks after US President Donald Trump took a threatening tone toward Iran in a speech. Bloomberg's Ira Jersey and Robert Tipp, PGIM Fixed Income Managing Director, Chief Investment Strategist, and Head of Global Bonds join Carol Massar and Tim Stenovec to discuss what this sell off means for markets.