Interest futures were heading for a very bearish close to the week on Friday amid geopolitical tensions that sent oil prices soaring. Expensive fuel will most likely drive inflation higher, boosting bets on Fed rate hikes. As these go up, Treasury yields climb while the bond market suffers. Bond futures have collapsed since Monday as Read More…
Interest futures recovered on Friday as market participants hoped for a de-escalation of tensions between the US and Iran. At the start of the week, the countries exchanged fire, causing panic and concerns about a full-blown war. At the same time, Trump said the ceasefire deal with Iran was over. Uncertainty hit markets last week Read More…
Interest futures remained subdued on Friday after a mixed US jobs report in the previous session. At the same time, the bond market has faced downward pressure this week amid tensions between the US and Iran. At the same time, the recent surge in expectations of Fed rate hikes has supported yields and hurt interest Read More…
Interest futures traded near highs hit in the previous session as a rapid decline in oil prices sent treasury yields lower. However, there was some downward pressure from a strong dollar amid an increase in Fed rate hike expectations. WTI crude oil futures (Source: Bloomberg) Bonds have benefited greatly from the closing of a peace Read More…
Interest futures rallied on Thursday as market participants eagerly awaited the signing ceremony of the US-Iran peace deal. Optimism over an end to the Iran war and a reopening of the Strait of Hormuz have supported bonds in recent days. However, a hawkish Fed meeting on Wednesday capped gains. Interest futures, like most other asset Read More…
Interest futures jumped on Thursday after Trump canceled planned strikes on Iran, easing inflation worries. However, a solid US wholesale inflation report increased the likelihood of a Fed rate hike, putting a lid on gains. Market participants have been watching developments in the Middle East. Tensions between Israel, Iran, and the US have escalated since Read More…
