Deutsche: Another $5 Rise In Oil Would Unleash Market Turmoil
by Tyler Durden
ZeroHedge.com
Mon, 04/23/2018
While traders have been closely following the push higher in 10Y yields, which this morning rose as high as 2.996%, as well as the dramatic short squeeze in the dollar, they may be ignoring the one asset class that is responsible for both moves: crude oil.
Recall, it is the ongoing move higher in crude prices that has sent 10Y breakevens surging to 4 year highs, while expectations of rising inflation have in turn boosted nominal yields as well as sent odds for 4 rate hikes to cycle highs…
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