Not surprised at all. Said as much at the beginning in the “Is Russia involved” thread. Anything they can do, to force the US to focus more on the Mid East, and they
certainly will. Instability there…Oil, oil prices, economies and inflation..As is
Oil futures are up 4% ( though might be seasonal). and depends which delivery dates ( next spring or summer)
UST yields are down ( meaning short term UST prices are up)
Safe-haven U.S. Treasuries rallied on Friday as investors worry Israel's military conducting raids inside the Gaza Strip could escalate violence in the Middle East, but poor bond auctions this week suggest yields may rise as investor caution increases. Treasury yields, which move inversely to...
www.reuters.com
One key
potential take away
Treasury yields, which move inversely to price, advanced
on Thursday after data showed U.S. consumer prices in September
rose more than expected, suggesting the Federal Reserve might
need to raise rates further to tame high inflation.
The yield on the 10-year Treasury fell on Friday to about
the same level when trading opened as the start of the week when
the initial weekend attack by the Palestinian Islamist group
Hamas on Israel led bond prices to jump and yields to tumble.
The goal is to get into a safe asset that would work if
the ground assault gets bad over the weekend, said Marvin Loh,
senior global macro strategist at State Street in Boston.
Puts more strain on the USs bank accounts, and potentially gets the US involved there should it escalate. Take it another step. Is there anything to gain for Syria or Iran, if they do the same,
drag the west into it? and ultimately help Russia out?
“Who knows”…how it’s going to play out.
Am also guessing, like Covid none of the experts in the Ukraine/Russia war threads saw this coming or considered it.
Point being. Sunny days last forever.
