Onyx logo
The Officials

Follow the Officials on X, and find our podcast on YouTube, Spotify and Apple Music.

The Officials: Calm after the storm?

15 April 2025: 16:30 BST

The financial market meltdown that had been tearing through the world over the past couple of weeks seems to have abated somewhat. Equity and bond markets both calmed down as Donald showed a rare glimpse of restraint. Is he ok? US equities managed to hold their recent gains having bounced off the Trump tariff lows of last Monday and the 10-year treasury yield firmed up to around 4.31%. Still elevated above April’s lows, but nevertheless moving in the right direction for Donald’s debt
The market is tired… and who can blame it. It’s been a rollercoaster couple of weeks. At least the tariff reprieve has given investors a moment’s pause to gather their thoughts. Brent even managed a second consecutive daily change of less than a buck! It ended the European session at $64.50/bbl down.

In ‘The Officials’, Onyx Capital Advisory publishes outright values, spreads, cracks and boxes for the main energy commodities traded in the marketplace. The published values are determined independently and on a fair market basis by our team of dedicated professionals.
We invite you to read our reports, which will initially be published twice a day, reflecting closing values at 16:30 Singapore time (SGT) and at 16:30 London time (GMT/BST).
For any comments, please reach out to us through the emails provided in the signed documents.

Share on