Key facts
- Global financial markets remained on edge Thursday.
- Concerns about the Iran war and inflation pain triggered a sharp selloff in US Treasuries.
- Bond yields were nudging higher again in Europe.
- Oil prices moved back above $105 a barrel.
- Traders were waiting for a meeting between US President Donald Trump and Chinese counterpart Xi Jinping.
World financial markets remained on edge on Thursday after concerns about the Iran war and inflation pain triggered the sharpest selloff in US Treasuries and other benchmark government bonds since last year's turmoil. Bond yields were nudging higher again in Europe as oil prices moved back above $105 a barrel and traders waited for a tense meeting between US President Donald Trump and Chinese counterpart Xi Jinping.