Strait worries grow; bad news still bad news for bonds
Although bonds have sometimes rallied after severe oil price shocks, we suspect that’s not on the cards just yet. Meanwhile, flattening yield curves at the “ultra-long” end suggest, among other things, fiscal and political risk premia haven’t really reared their heads yet in this crisis.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.