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Author Hafizan Hamzah

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Estimated

Treasury yields are lower following news of an Israeli strike in Iran. 

The 10-year initially rallied 14 bps on the news in the overnight session, but has since retraced most of that move, now sitting at 4.58%. The news also sent oil prices higher, with Brent crude breaching the $90-a-barrel mark. Futures on the major US indices are all in negative territory, led by the NASDAQ which is down 0.227%.

This has been a rough week for risk assets following last week’s inflation data as well as retail sales from Monday. The S&P is down 2.18% through last night’s close, putting it on track for its worst week since October, while the ICE BofA US Broad Market index is down 14 bps relative to Treasuries.

Hafizan Hamzah
Senior Director, Investment Management Group

DateEventSurv(M)ActualPriorRevised
04/19/24Bloomberg April United States Economic Survey    

Hafizan Hamzah

Senior Director, Investment Management Group

LinkedIn

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