Finance
Citadel Securities sees stock, bond rally as worst-case Iran risk fades
Citadel Securities said the likelihood of a worst-case scenario in the Iran conflict has fallen sharply and that both stocks and bonds could rise together. Nohshad Shah, head of EMEA fixed-income sales, said the risk has moved away from an extreme phase as the chance of a broader escalation declines. He said markets appear to be pricing in fewer tail risks. U.S. stock indexes also rose, with the S&P 500 gaining 1.02 percent.
