Global Bonds on Best Streak Since War Started as Oil Swings Ease

Bonds around the world are rallying this week, recovering from a big hit since US-Israeli strikes on Iran began, as oil prices calm down.

In the US and across Europe, sovereign debt is heading for the third consecutive day of gains, the best run since last year. In Asia, Japanese bonds surged Wednesday and Australian peers saw the first back-to-back gains since the war started last month.