---
title: "China and Japan lead record US Treasury selloff amid Gulf crisis"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286902700.md"
description: "China and Japan led a significant selloff in U.S. Treasuries in March due to rising oil prices and weakening Asian currencies. The U.S.-Iran conflict and the closure of the Strait of Hormuz heightened inflation concerns, resulting in global bond yields reaching multi-decade highs. Upcoming April data will indicate whether central banks will continue selling Treasuries to stabilize currencies amid ongoing energy market challenges."
datetime: "2026-05-19T11:23:18.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286902700.md)
  - [en](https://longbridge.com/en/news/286902700.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286902700.md)
---

# China and Japan lead record US Treasury selloff amid Gulf crisis

Major bond retreat: China and Japan led a sharp selloff in U.S. Treasuries in March as oil prices surged and Asian currencies weakened. Geopolitical shockwaves: The U.S.-Iran conflict and closure of the Strait of Hormuz intensified inflation fears, pushing global bond yields to multi-decade highs. Market impact ahead: April data will reveal if central banks keep selling Treasuries to stabilize currencies amid ongoing energy market turmoil.

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