Concerns over regional conflicts overshadow the market, and the panic indicator for U.S. Treasuries rises to a nine-month high

U.S. Treasury volatility has risen to a nine-month high, with escalating tensions in Iran heightening inflation concerns and disrupting traders' expectations for the Federal Reserve's policy path. Commonly referred to as the "fear gauge" of the bond market, the ICE Bank of America Volatility Index has climbed to its highest level since June, while high oil prices have intensified inflation worries, damaging the real yields of U.S. Treasuries and suppressing their safe-haven appeal