Why Iran tensions failed to rattle markets
Despite initial fears, traders say risks were signposted and investors had deleveraged after April
When Israel launched a missile strike on Iran’s nuclear programme on June 13, some traders were left puzzled by why the conflict hadn’t substantially moved markets.
After US president Donald Trump’s first administration killed Iranian military leader Qasem Soleimani on January 3, 2020, 10-year US Treasury yields dropped 9 basis points as investors rushed to safe-haven assets. But the same wasn’t true this time around.
US Treasury yields rose temporarily, with inflation fears driven by potential
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