Veteran market strategist Ed Yardeni says investors are taking the run-up in Treasury yields in stride and looking through inflation caused by the energy-price spike from the Iran war.

“I kind of view bond yields of 4 and a quarter percent to 4 and three-quarter percent as normal — I’m not getting freaked out by it,” Yardeni said Tuesday on Bloomberg Television’s Surveillance, alluding to benchmark 10-year Treasuries. “The US bond is still viewed as the safe haven, and there’s plenty of reasons to worry about things these days.”