Treasury rally still has further to run, if peace actually breaks out
Even after their recent rebound, long-term government bonds arguably have more room than equities (and most currencies) to stage a further recovery from the energy price shock if there is a sustained re-opening of the Strait of Hormuz and energy prices fall back. That said, a full return to the pre-war levels is unlikely any time soon.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.
