“The orange line on that chart, what I've done is I've bootstrapped a crude price from diesel prices. So the equivalent oil price, looking at diesel, is over $160 a barrel.”

Monetary Matters with Jack Farley · Preparing For 2027 Inflection in Global Liquidity | Michael Howell’s Bull Case For Bonds and Tepid View of Liquidity-Sensitive Assets

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What was described

bootstrapped a crude oil price from diesel prices to estimate an equivalent oil price

$160 a barrel

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“At one point, we had about a 80% correlation on a one-month basis between two-year treasury yields and the price of oil.”
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