Mideast Tensions Flare and Long-Term Interest Rate Spreads Widen

As warned previously, U.S. and British retaliatory air strikes on Houthis targets in Yemen were carried out to avenge previous Houthis attacks on commercial ships in the Red Sea. The price of WTI oil leaped 3.6% overnight on fears of a widening war in the Middle East. While the 10-year U.S. treasury yield climbed three […]