27 March 2026 | 1:57PM EDT Economics Research Global Markets Daily: TIPS During Oil Shocks TIPS During Oil Shocks Front-end inflation has repriced the oil shock, the long end has not Since the onset of the war, global front ends and breakeven curves have priced greater risk of higher near-term inflation. Our commodity strategists assume Hormuz flows remain at only 5% of normal through mid-April, corresponding to a $115/bbl Brent average in April. Accordingly, our economists have raised their 1-year-ahead (h ...