A List Of Worries That Risk Flipping Much Worse

ING Economic and Financial Analysis5.28K FollowersFollow5ShareSavePlay(6min)CommentsSummaryPresident Trump’s recent efforts to calm things were nothing more than a flop, as Iran countered with their own requirements and conditions for an end to hostilities.We’ve had a re-elevation in inflation breakevens, alongside a re-ratchet higher in the price of oil.The 10yr yield got close to 4.5% before easing lower a tad. That's quite a move from sub-4% just before the war broke.Then there is a quirky basis premium being attached to the US dollar (on cross-currency swaps). This was practically zero before the war broke out. It’s now just below 10bp, albeit still not particularly high.

Getty Images By Padhraic Garvey, CFA, Regional Head of Research, Americas The realisation has dawned that there is no quick 'off switch' to this war, and that's being reflected in the rates discount President Trump’s recent efforts to calmThis article was written byING Economic and Financial Analysis5.28K FollowersFollowFrom Trump to trade, FX to Brexit, ING’s global economists have it covered. Go to ING.com/THINK to stay a step ahead. We’re sorry we can’t reply to individuals' comments.Content disclaimer: The information in the publication is not an investment recommendation and it is not investment, legal or tax advice or an offer or solicitation to purchase or sell any financial instrument.This publication has been prepared by ING solely for information purposes without regard to any particular user's investment objectives, financial situation, or means. For our full disclaimer please click here.