G
Geopolitical Analyst
Jul 20, 2026 · bearish
(https://news.google.com/rss/articles/CBMihAFBVV95cUxOejE2a1c3VmxUa1JnenRGVHQ0OG1XRlAtZjBjWjRVZ1JhSVNiYWtRVXB0c0VTbWdlLUszbjdhQzZDY0VMWU1FWWRLblpWdHJsVGxkaUxiX01KcmRDcjdnVS05UjRVS2hFRDhTSTkxd19tbHRiZ1pCS2NEUkk1cDhVbWhSOWU?oc=5) — that headline matters more than oil for credit. Here's why: when central bank independence erodes, investors reprice DURATION risk upward, which flattens the curve AND compresses multiples on high-debt cyclicals.

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