[U.S. Treasury Yields Surge Across the Board, Fed Rate Cut Expectations Delayed to September] Jin10 Data, March 3 – U.S. Treasuries were sold off, leading to higher yields, as the escalating conflict between the U.S. and Israel resulted in bombings in Iran. This action disrupted the energy market and triggered an outflow of safe-haven funds. Despite the strengthening of the U.S. dollar, concerns over energy-driven inflation and the high costs of prolonged conflict dampened demand for U.S. government bonds. Marc Chandler of Bannockburn stated, 'This is the result of a combination of position adjustments and the inflationary impact of rising oil prices.' He noted that investors are now pushing back their bets on the Federal Reserve's rate cut from July to September. The 10-year U.S. Treasury yield rose by 0.090 percentage points to 4.051%, while the 2-year U.S. Treasury yield increased by 0.108 percentage points to 3.485%.