Updated
Updated · Mortgage News Daily · May 5
Bond yields fall after US general's Iran statement
Updated
Updated · Mortgage News Daily · May 5

Bond yields fall after US general's Iran statement

10 articles · Updated · Mortgage News Daily · May 5
  • Yields dropped a further 2 basis points after 8am, extending a recovery from the previous day's more-than-one-month highs as oil prices also eased.
  • The move followed the general's assessment that Iran's attacks were below the threshold for war, reinforcing the recent correlation between oil prices and bond yields.
  • Investors were also awaiting 10am ET US job openings and ISM services data, with markets seen as more vulnerable to stronger-than-expected readings than to only modest economic weakness.
Can the US military's 'Project Freedom' truly tame oil prices, or is it a temporary fix for a deepening energy crisis?
With consumer fear at a record high, is the economy spiraling into recession regardless of military de-escalation?
Central banks face a choice between fighting inflation and saving growth. Which will they be forced to sacrifice?