Is The War Really Reaching Its End? Assets Bounce Despite Oil Rally

Brent crude has traded above $110 since the weekly open and WTI remains above $100, keeping oil prices elevated. US bonds and fixed income were among the worst-performing asset classes this month as rising inflation expectations pressured the bond market and pushed yields higher, creating a hawkish backdrop for risk assets.

Analysis

Brent crude has traded above $110 since the weekly open and WTI remains above $100, keeping oil prices elevated. US bonds and fixed income were among the worst-performing asset classes this month as rising inflation expectations pressured the bond market and pushed yields higher, creating a hawkish backdrop for risk assets.