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'Mr. ETF' Reggie Browne on ETF IQ Asia

The war in Iran is fueling demand for ETFs in the Asia-Pacific, with inflows jumping to the highest level in years according to data from Bloomberg Intelligence for early March. Reggie Browne, principal at market-maker GTS Securities, is sometimes known as 'Mr ETF' for his role in helping to build the industry in its early days. He discusses the trends he sees in the region on "ETF IQ Asia."

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Bloomberg

Israel Will Not Strike Iranian Energy Sites After Trump Rebuke

Israel said it will no longer target energy infrastructure after an attack on an Iranian gas field sparked retaliatory strikes against energy assets across the Middle East, causing oil and gas prices to surge and prompting a rebuke from President Donald Trump. "Israel acted alone," Prime Minister Benjamin Netanyahu said at a press conference on Thursday, after Israeli officials previously said they had informed the US about the attack. Netanyahu also said Israeli forces would help the US attempt to reopen the Strait of Hormuz and that the war would be over faster than people think, in comments that helped calm markets on a day that already-elevated energy prices spiked once again.

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Bloomberg

Bond Markets Hit by Oil Shock

Matthew Diczok, head of fixed income strategy, Merrill and Bank of America Private Bank said the market doesn't expect their to be a sustained increase in energy. he world's bond markets were whipsawed by unusual volatility as investors rushed to bet on higher interest rates after key central banks signaled fresh concern the surge in oil prices will deliver an inflation shock. Three weeks into the war in Iran, the fallout unleashed a major repricing of short-term bonds during much of Thursday's trading day by dashing once widespread expectations that central banks would cut rates this year to spur growth.  The selloff was led by the UK, where the surge in yields held echoes of 2022, when former Prime Minister Liz Truss' fiscal plans sent the market into a tailspin. The two-year rate jumped as much as 40 basis points to 4.49% after the Bank of England on Thursday said it "stands ready" to act to prevent inflation from accelerating.

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