According to CoinMeta, the US-Iran standoff has kept oil prices high, exacerbating concerns about inflation and increasing market bets for further interest rate hikes by the Federal Reserve. The Asian bond market is expected to follow the decline in US Treasuries, with New Zealand government bonds opening lower, while Australian government bond futures indicate a possible drop. The yield on benchmark 10-year US Treasuries rose by 11 basis points to 5.27%, hitting a 19-year high, and the yield on 30-year Treasuries rose to 5.55%. Short-term bond yields also increased, as traders expect the Federal Reserve to continue tightening policy to curb inflation. Morgan Stanley analyst Chris Larkin stated that the overall market has been struggling to gain significant momentum, and market attention may still remain focused on interest rates and energy prices.