Citadel Securities Ditches Bearish Call on Treasuries After Rout

Citadel Securities dropped its bearish stance toward US Treasuries, saying markets have largely priced in the inflation risks from the surge in oil prices and are underestimating the potential damage to global growth.

Macro strategist Frank Flight said the firm has shifted to a neutral view on US government debt because the fallout from the Iran war has created the potential for short-term bonds to gain worldwide if the conflict either drags on or is settled relatively quickly.