A Bad Case of the Bond Blues The recent summit between US President Donald Trump and Chinese counterpart Xi Jinping may have dominated headlines, but the unremarked upon stalemate in the Middle East has been quietly sowing the seeds of a global economic crisis.
The Iran conflict, now in its 13th week, has pushed up inflation and bond yields worldwide, threatening to derail the fragile balance of global markets.
The situation is complex, with producers like Saudi Arabia and Russia playing cat and mouse games to fill the supply gap left by Iran's crippled exports.