Oil Prices Jump Above $76 as Middle East Tensions Drive Bond Flight
Key Points
- Investors are flocking to government bonds as Middle East te...
The bond market's favorite game of musical chairs is in full swing, with investors scrambling for the safest seats as Middle East tensions heat up. When Israel and Iran start flexing their muscles, apparently everyone suddenly remembers that government bonds exist for reasons beyond just collecting dust in pension portfolios.
Oil prices decided to crash the party by jumping above $76 per barrel, because nothing says "market stability" like the threat of supply disruptions in a region that controls a significant chunk of the world's crude. Meanwhile, India's 10-year bond yield took a nosedive ...
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