Trump’s threats of bombing Iran back to the stone age continues. But the impact on Treasury yields is interesting. As the US economy continues to grow, the US Treasury curve takes on the familiar upward slope. With rising long rates. Particularly when compared to the negative humped yield curve of a year ago.
The Strait of Hormuz, a choke point for Middle East crude oil delivery to the rest of the world, has witnessed vessel crossings grinding to a near halt.
RIP Don Hansen of Hansen Surfboards.
Confounded Interest - Anthony B. Sanders 