Global Bonds Stumble As Surging U.S. Dollar Piles On The Pain
James Picerno·2026-06-24·via All Articles on Seeking Alpha
Summary
The Middle East conflict may have ended, but the damage lingers for foreign bonds from the perspective of US investors, based on a review of ETF performance from the start of the war on Feb. 28 through June 23's close.
Dollar strength is a key driver of the weakness in foreign bonds.
Until markets are convinced that inflation risk is contained, relief for bonds - both in the US and abroad - will remain fragile.
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The Middle East conflict may have ended, but the damage lingers for foreign bonds from the perspective of US investors, based on a review of ETF performance from the start of the war on Feb. 28 through yesterday’s close (Jun. 23). The main
