TRA Macro Tracking Index

Credit markets are starting to take the conflict in Iran seriously, with a recognition that inflation is even more likely to hurt Americans than before the attacks on Iran began. Inflation has been a stubborn force since the pandemic, and with the prospect of higher oil prices and an at the moment increased likelihood of a prolonged conflict, increased borrowing and production are going to increase bond yields and inflation and reduce the chances for rate cuts.

Stay tuned, as we unpack more of the conflict and corresponding market data.