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Oil prices dominate the bond market, while UK inflation data may become a moderating factor

Oil prices dominate the bond market, while UK inflation data may become a moderating factor

智通财经智通财经2026/07/22 06:21
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(1) Commerzbank rate strategist Hauke Siemssen stated in a report that UK inflation data is expected to slow, which should set the tone for the bond market this morning. However, the current trend in oil prices remains a dominant force in the market. (2) He pointed out that due to ongoing military strikes between the US and Iran, as well as Houthi threats to shipping in the Red Sea, Brent crude oil prices have risen again to $92 per barrel. This situation is driving a bearish trend in the bond market. (3) However, he also added that if the UK inflation data released this morning shows a drop, it could bring a more moderate tone to the market, partially offsetting the upward pressure from oil prices.
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