---
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.

### Related Stocks

- [OXY.US](https://longbridge.com/en/quote/OXY.US.md)
- [OIH.US](https://longbridge.com/en/quote/OIH.US.md)
- [BND.US](https://longbridge.com/en/quote/BND.US.md)
- [IEO.US](https://longbridge.com/en/quote/IEO.US.md)
- [IEZ.US](https://longbridge.com/en/quote/IEZ.US.md)
- [IEF.US](https://longbridge.com/en/quote/IEF.US.md)
- [XES.US](https://longbridge.com/en/quote/XES.US.md)
- [AGG.US](https://longbridge.com/en/quote/AGG.US.md)
- [BNO.US](https://longbridge.com/en/quote/BNO.US.md)
- [XOP.US](https://longbridge.com/en/quote/XOP.US.md)
- [VDE.US](https://longbridge.com/en/quote/VDE.US.md)
- [GOVT.US](https://longbridge.com/en/quote/GOVT.US.md)
- [UCO.US](https://longbridge.com/en/quote/UCO.US.md)
- [XLE.US](https://longbridge.com/en/quote/XLE.US.md)
- [TLT.US](https://longbridge.com/en/quote/TLT.US.md)
- [SHY.US](https://longbridge.com/en/quote/SHY.US.md)
- [IXC.US](https://longbridge.com/en/quote/IXC.US.md)
- [CRAK.US](https://longbridge.com/en/quote/CRAK.US.md)
- [BIL.US](https://longbridge.com/en/quote/BIL.US.md)
- [USO.US](https://longbridge.com/en/quote/USO.US.md)
- [SHV.US](https://longbridge.com/en/quote/SHV.US.md)

## Related News & Research

- [ANALYSIS-Bond yield spike is risk to unprepared equities market, investors warn](https://longbridge.com/en/news/286668628.md)
- [This chart shows why AI will eventually mean lower bond yields](https://longbridge.com/en/news/286774916.md)
- [TREASURIES-Yields rally after slight dip in early trading](https://longbridge.com/en/news/286919787.md)
- [Oil rises more than 1% after drone attack on UAE nuclear power plant](https://longbridge.com/en/news/286683769.md)
- [TREASURIES-Yields on longer-dated bonds hit year-plus highs overnight](https://longbridge.com/en/news/286778191.md)