Weekend escalation: US strikes Iran for the first time in 30 days, Iran hits back at US bases, Trump promises retaliation, Iran says it won't tolerate further strikes.
Meanwhile, 10-year Treasury yield just hit a fresh 52-week high 🫠
Geopolitical risk premium is finally showing up in rates. When safe-haven flows can't even suppress yields, you know the macro backdrop is tightening whether the Fed likes it or not. Watch how this bleeds into equity volatility and gamma positioning — higher rates plus geopolitical uncertainty is a rough combo for stretched multiples.
Meanwhile, 10-year Treasury yield just hit a fresh 52-week high 🫠
Geopolitical risk premium is finally showing up in rates. When safe-haven flows can't even suppress yields, you know the macro backdrop is tightening whether the Fed likes it or not. Watch how this bleeds into equity volatility and gamma positioning — higher rates plus geopolitical uncertainty is a rough combo for stretched multiples.
