Bonds & Stocks
Stocks fell and bonds deepened losses as the war in Iran showed no signs of de-escalation. In a broad-based rout that spared only a few industries such as energy and defense, the S&P 500 sank 1.8% toward its lowest since December. The yield on 10-year Treasuries advanced seven basis points to 4.10%
Economy
US manufacturing expanded in February but input prices soared at the fastest pace since 2022, stoking fears of an inflation resurgence even before this weekend’s attacks on Iran.
World
The US-Israeli war on Iran has entered its fourth day, with oil and gas prices surging and the world adjusting to a conflict that President Donald Trump says has no fixed timeline.