Bonds Recover on Oil Price Hopes

Bonds Recover on Oil Price Hopes Bonds were weaker to start the day with oil prices moving sharply higher after last night’s Trump speech. But a few hours into the trading session, the move was completely erased and reversed after some fairly simple headlines regarding Iran/Oman working on a resolution to open the Strait of Hormuz. Trump’s speech and the Iran/Oman news may as well have been the only two things that h…