Bank of America: Our base case is that volatility caused by the Iran situation will persist

Golden Ten Data reported on May 6 that Bill Noskey, Senior Investment Director at Bank of America Asset Management Group, stated: "At present, it appears that the situation in Iran has not seen any substantial escalation, and the market has breathed a sigh of relief." Although hostile actions in the Middle East seemed to ease on Tuesday, the conflict continues to impact future U.S. economic indicators and the Federal Reserve's interest rate decisions. He added that, for example, if the Strait of Hormuz can be safely and fully reopened, it would curb market expectations of rising inflation and drive down the yield on 10-year U.S. Treasury bonds. "Our baseline expectation is that this volatility may persist," Noskey said.