Macro Strategy Insights

Iran and Compute Credit

The On Again, Off Again War with Iran Academy’s Geopolitical Intelligence Group weighed in on the Renewed Strikes on Iran. Brent crude has responded by rising around 10% this week, from a low of $70.14 last Thursday to over $80 yesterday (trading around $79 right now). WTI has been a bit better behaved, but only on the margin. A lot of algos must still be linking bonds to oil prices, as the 2-year Treasury moved 11 bps higher from Monday to yesterday’s close (it is trading a bit better this morning). The 10-year Treasury had a similar move, which makes ... Iran and Compute Credit

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