Multi Asset Strategy Daily

The report analyzes the volatility in global rates triggered by conflicting Iran-related geopolitical headlines and the subsequent repricing of central bank tightening paths.

Key Takeaways

• 1.Global rates markets are currently volatile and highly reactive to shifting geopolitical headlines regarding Iran and the Middle East.
• 2.The 'sell vol/own carry' playbook is under strain as risk sentiment shifts and swaps-led repricing of central bank tightening occurs.
• 3.Markets are closely watching incoming inflation data and central bank speakers to validate aggressive hiking paths embedded in the curves.

Table of Contents

• USD
• EUR
• GBP
• JPY