Citadel Securities reversed its bearish outlook on US Treasuries, signaling the market has priced in inflation risks from soaring oil prices while underestimating potential global growth damage. The firm's shift reflects investors' growing confidence that central banks will maintain accommodative policies despite inflation pressures. This move could ease Treasury yields and bolster risk assets, as Citadel's change carries weight given its large trading presence. Oil prices surged past $100 per barrel, fueling inflation expectations that markets now seem to absorb without triggering aggressive rate hikes. Global growth concerns remain muted, suggesting a potential divergence between US and international monetary policies.