[MARKET UPDATE] Crude ticks higher, weighing on fixed, lifting yields and the USD; follows the IRGC post regarding legitimate targets

The rise in crude prices is likely impacting fixed income by pushing yields higher, which in turn supports the USD.

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[MARKET UPDATE] Crude ticks higher, weighing on fixed, lifting yields and the USD; follows the IRGC post regarding legitimate targets

US Dallas Fed Services Index (Mar) -13.3 (Prev. -3.2)

US Dallas Fed Services Revenues Index (Mar) 1.3 (Prev. 4.1)

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Context

This movement follows the IRGC's comments on legitimate targets, suggesting heightened geopolitical tensions that can affect oil supply dynamics. Traders should watch for further reactions in risk assets and safety plays amidst these developments.

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