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BONDS: Little Impact From Bounce In Crude

BONDS

Bond markets are quite unreactive to the bounce from yesterday’s fresh ‘24 lows in WTI & Brent crude futures.

  • This is despite yesterday’s sharp fall in oil factoring heavily into traded inflation measures and rally in bond markets.
  • Fallout from the Harris-Trump debate (impacting the outlook for tariffs & related inflation) and softer-than-expected UK GDP data dominate thus far, with EUR & GBP 5y5y inflation-linked swaps trading to fresh cycle lows despite the bounce in crude.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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