Barclays: Middle East conflict will "leave a mark" after the ceasefire

Golden Ten Data reported on April 10 that Ajay Rajadhyaksha, a debt research analyst at Barclays, stated in a report that, despite the ceasefire, the Middle East conflict will still leave a profound impact. He wrote that the ceasefire between the US and Iran is not a “refund”—the price for the past six weeks of conflict will ultimately be paid. He added that the bond market is still pricing in that the European Central Bank will raise rates more than twice this year, while the “margin of safety” for US clients has narrowed compared to February. However, he noted that given the current ceasefire, client feedback reflects a sense of relief and a willingness to return to fundamental analysis.