New spike in risk aversion fuelled by higher bond yields
Risk aversion returned on financial markets yesterday, as a key measure of inflation expectations topped 2.5% in the US, which drove bond yields higher. Yet,…
ICE Brent prompt contracts reached 69.7 $/b, as the dollar’s continued drop boosted dollar-denominated commodities. US jet demand is likely to reach 1.5 mb/d rapidly as domestic passenger checked by the TSA continues to increase.
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