Viking Partners

“The higher oil prices go, the more the short end of interest rate curves are re-priced higher and the greater pressure builds at the long end of the bond market.”

“It marks the end of an era. The state of emergency in European monetary policy is coming to a close.”

“It seems dangerous to position for an early resolution of the crisis, with the Iranians likely to want to take high energy prices as leverage in any negotiations.”

“We cannot see investors wanting to fight this dollar rally, given there is so little certainty as to when this crisis will end.”