Strait of Hormuz closure threatens US bond market as gold eyes $6,000

By Jeremy Szafron – Kitco News

As the Strait of Hormuz enters its 11th day of closure, the true battleground may not be in the Middle East, but within the U.S. Treasury market.

While markets initially anticipated lower yields following the geopolitical shock, the 10-year U.S. Treasury yield has instead climbed to 4.2%. According to Luke Groman, founder and president of Forest for the Trees, the ongoing energy crisis is exposing clear limitations within the global financial system.