Relief Sweeps Markets After Two-Week Ceasefire Deal
Oil plunges and traders revive bets on interest rate cuts from the Fed.
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After weeks of hanging on every development in the Middle East and Donald Trump’s often unpredictable missives, investors have finally gotten the all-clear sign. They’re wasting no time in putting money to work.
Kellie Wood at Schroders spent much of her morning today snapping up short-dated bonds including Treasuries, a move that Jupiter Asset Management is also weighing, alongside plans to sell dollars. Franklin Templeton’s Andrew Canobi forecasts a rally in the 10-year Treasuries. Allspring Global Investments is wading into tech and defense stocks that are insulated from energy shocks.