Chris Iggo, Chief Investment Officer at BNP Paribas Asset Management, highlighted in a report that the bond market is currently driven by economic growth and inflation prospects. According to Jin10, Iggo noted that if energy price shocks persist, they could eventually hinder economic growth, leading to a decline in long-term interest rate expectations. However, he mentioned that during this period, breakeven inflation rates might rise. He added that bonds could benefit from their status as a safe-haven asset, although this has not yet been observed, as major market treasury yields rose on Tuesday.