White House officials said Trump met with oil company executives on Tuesday to discuss potentially extending the Strait of Hormuz blockade for months if necessary. Already pressured U.S. Treasury prices fell on the news. Brent crude oil prices continued to climb following the announcement, with intraday gains reaching as high as 5%, further weighing on the Treasury market. Commodity trading advisors (CTAs) covered profitable short positions after the data release and subsequently resumed selling. Algorithmic trading took over as support levels across the yield curve were broken. (Jinshi)