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Portage County adviser says oil-driven inflation risk is raising yields; recommends locking multi-year rates
Summary
Eileen, the countys portfolio adviser, told commissioners the February Iran conflict and rising oil prices have pushed short-term inflation expectations and Treasury yields higher, and she recommended locking in two- to five-year rates to protect county returns.
EILEEN, portfolio adviser to Portage County, told commissioners during a regular finance meeting that recent global events — notably the February Iran conflict — have pushed oil prices and short-term inflation expectations notably higher, creating market volatility and upward pressure on Treasury yields.
"The flow of oilhas now skyrocketed to levels we had not seen in some time," Eileen said, adding that the market is focused on the potential impact of higher oil on inflation. She said longer-term…
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