War And Bonds
2026-03-23 20:55:00 ET
By John R. Mousseau, CFA
The war against Iran began its fourth week this Sunday. We have seen bond yields rise in both taxable and tax-free bond markets, reflecting mostly the rise in the cost of oil due to shipping stoppages through the Strait of Hormuz. Below is a graph of the price of oil over the last year, and you can see the jump from roughly $70/barrel spiking to over $115/barrel, a 65% increase....
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