Bond strategist warns that even if the Iran war ends, yields will remain high.

The views of strategists from ING Group, Goldman Sachs, and Barclays Bank all emphasize a speculation: even if the inflation caused by high oil prices falls back, the recent surge in some long-term yields cannot be completely reversed. This means that even if the conflict ends, the market's borrowing costs still face the risk of remaining near multi-year highs, continuing to put pressure on governments and economies around the world.