Iran’s parliament speaker Mohammad-Bagher Ghalibaf posted a cryptic, finance-jargon-laden message on social media that appeared to question the resilience of global markets during tensions around the Strait of Hormuz.
“Vibe-trading digital oil is like vibe-hedging in Treasuries during Hormuz risk-off. Both share one house of cards that works on paper,” he wrote.
“Difference: oil at least has Dated Brent. Treasuries? Vibes all the way down,” the post continued.
The message appeared to suggest that while oil markets still rely on physical benchmarks such as Dated Brent, US Treasury markets depend more heavily on investor sentiment.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.