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Andreas Steno Larsen, founder & CEO, highlights that many financial market participants anticipate the reopening of the Strait, resumption of oil shipments, and a quick resolution to the current conflict.
He notes that U.S. President Donald Trump provides reassurance to these investors, which influences their repeated optimistic reactions.
Earlier this week, Larsen pointed to the U.S. 10-year Treasury yield closing at 4.60%, close to its recent high under Trump’s presidency here. He also noted the U.S. 30-year yield reaching 5.03 percent, approaching a new 19-year peak here. These yield levels have drawn attention as investors assess potential market impacts.