Treasury yields fell as oil prices tumbled after Donald Trump warned that Iran would be hit harder if it attempted to halt Strait of Hormuz shipments.

U.S. Treasury yields climbed higher on Monday as oil prices soared past $100 a barrel and increased inflation fears among investors.

The oil price reached nearly $120 a barrel on Monday over fears of lengthy disruption to supplies.

Treasury yields fell as oil prices tumbled after Donald Trump warned that Iran would be hit harder if it attempted to halt Strait of Hormuz shipments.