That’s interesting. Ukraine has been going for two years and Israel for over a year. I wonder when this “war premium” started? Why would anyone then jump into bonds? Seems bonds would also command a “war premium” and yet they’ve been selling off for months. Now peace is breaking out and bonds start to rally?
Asking for a friend.
I think the scum found an opportunity and took it. I also think they might be getting ahead of the repo market which is sure to bring on QE in the next 60 days.
We’ll see, maybe all is lost like the Captain was alluding to.