Miner Company
Bonds sell off on inflation fears, oil backwardation hints Iran war won't last 12 months: CIO
Mark Tinker, Managing Director and CIO of Toscafund Hong Kong, says the market is currently reacting to the Iran war with a new "inflation pulse" driven by supply chain bottlenecks, similar to the shock seen during the outbreak of the Ukraine war. He adds that the backwardation in oil prices is a signal that markets don't expect the Iran war to last 12 months.
Mark Tinker, Managing Director and CIO of Toscafund Hong Kong, says the market is currently reacting to the Iran war with a new "inflation pulse" driven by supply chain bottlenecks, similar to the shock seen during the outbreak of the Ukraine war. He adds that the backwardation in oil prices is a signal that markets don't expect the Iran war to last 12 months.