Treasury prices surged over the past 30 days as geopolitical escalation in the Middle East drove persistent flight-to-safety demand into long-duration bonds. The dominant narrative centered on Iran-US military tensions, with Trump's June 11 threat of imminent strikes catalyzing acute risk-off positioning that benefited TLT. Initial relief emerged mid-month following the Iran-US memorandum of understanding and Israel-Hezbollah ceasefire agreement on June 17-19, temporarily pressuring yields, though subsequent ceasefire violations on June 20-23 reinstated haven demand. The macro backdrop presented competing pressures: Fed Chair Warsh's unexpected hawkish inflation rhetoric on June 18 created downward yield headwinds, while geopolitical uncertainty overwhelmed rate expectations. The 0.96 average grade score reflects high-conviction bearish sentiment among analysts, yet TLT's positive correlation with crisis events proved decisive. Forward-looking risks include diplomatic resolution sustainability and monetary policy normalization timing, with Treasury positioning heavily dependent on sustained Middle East instability rather than fundamental rate mechanics.