One Trader Wants To Know Where The Nuance Is When It Comes To Your Conviction Bond Call
By Kevin Muir of “The Macro Tourist” fame; reposted here with permission
It’s now cool to be bearish bonds. A couple of years ago you were labeled a pariah for even suggesting inflation might pick up. The few of us that argued locking in 10-year money at 1.4% wasn’t a good risk reward supposedly didn’t understand the overwhelming three Ds - debt, demographics and deflation. Yeah, ok…
However, given the recent bond bear market, nowadays the tide has turned to the point where anyon