Picture being stuck at home seeing television for 3 months and only having the ability to stream one program. That’s held true for the bond market (which determines interest rates) given that the start of March. The show in question involves enjoying war-related headings and reacting in approximately the same way as oil costs.
Today’s episode was more fascinating than the other day’s. Key details included reports of Iranian rocket strikes on numerous U.S. and allied targets. In general, rates have improved on news that increases the odds of a peace deal. Unsurprisingly, today’s headings (technically, the other day night, however reflected in today’s rate movement) did the opposite.
Thanks to headline tiredness and desensitization, the rate market has actually been reacting with less volatility over the previous few weeks. As such, today’s increase was relatively modest in the huge picture but however leaves rates near their highest levels in more than 9 months.