Investors are piling into US bond-market products that protect against inflation — pushing some valuations to the highest levels in nearly a year — as the Mideast war sparks a surge in energy prices.
In the markets for Treasuries and inflation swaps, where investors can receive payments linked to the US consumer price index, the cost of those payments has soared with oil since the US and Israel attacked Iran over the weekend, and as Iran has retaliated.
