TRA Macro Tracking Index

It was a long weekend for markets, and coming out of it is more pain in credit markets. Bond prices fell (yields rose) and the dollar advanced on the ongoing uncertainty between Iran and the U.S. as to whether a deal can be forged. Inflation and sovereign risks are getting re-priced in to what was a gradual easing in the last week.

Stay tuned as this will likely be another formative week in our understanding of the future of the chaotic and uncertain credit markets.