"The Long-End Has Been The Problem": Citadel Securities Bond Boss Says The Fed "Needs To Get Ahead Of The Curve"

Authored by Nohshad Shah via Citadel Securities,

The renewed exchange of strikes between the US and Iran has pushed oil prices and long-term yields higher, with 30y Treasuries well above 5% and real yields approaching 3%…which increasingly impacts mortgages, corporate investment, AI financing, and equity valuations. Yet the relatively contained response in crude is instructive.