Economics
Commodities Shoulder the Blame for Hits to Treasuries and Stocks
- Runup in metals, oil spur ‘breakout’ in price metrics: Purves
- Materials prices pushed up on tariff, sanctions, oil
Aluminum and Nickel Surge After New Sanctions Hit Russia
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The recent weeks of sanctions, tariff dust-ups and tight oil supplies that jolted commodities prices higher have now got equities and Treasuries investors on the run, according to Weeden & Co.
Unlike in February, when optimism over global growth sent Treasury yields higher, this time it’s the price pressure from rising metals, Weeden’s Michael Purves wrote in a note to investors Thursday.