Commodities (esp oil, gas, wheat) are up because we are cutting one of the biggest producers off from the world economy. Bonds are up because of general risk off sentiment (there’s a war) and market pricing in slower pace of rate rises. Don’t overthink it.https://twitter.com/gestaltu/status/1498631419832287237 …
Aside from correcting lopsided one-way positioning, what’s driving the bid in bonds here? It’s unusual to see such huge moves to breakout highs across the commodity spectrum at the same time as we have a major break lower in rates. Risk parity is 
but im still curious.
but im still curious.
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