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A Ray Of Sunshine For The Carry Trade On An Otherwise Stormy Day
Well hell, at least there's good news somewhere on Tuesday.
As noted in "VaR Shocks, Panic Selling, Outflows And (Maybe) More To Come", today's panic selling in BTPs represents the latest leg of an ongoing unwind that started with the February VIX-centric chaos and continued apace with carry blowup in EM.
Last week I characterized the following chart as indicative of the carry unwind:
Nedbank's Neels Heyneke and Mehul Daya, in their latest note, highlight the following chart, noting that it
International bankers pricing CBT’s comments my ass.
Isn’t it bullshit. I admire the polyanna optimism of bankers. It is a farce. Stop funding islamists, you jerks.
Btw. Turkish banks are still required to lend residential loans with 0.98 % rate.
International bankers pricing CBT’s comments my ass.
Isn’t it bullshit. I admire the polyanna optimism of bankers. It is a farce. Stop funding islamists, you jerks.
Btw. Turkish banks are still required to lend residential loans with 0.98 % rate.
International bankers pricing CBT’s comments my ass.
Isn’t it bullshit. I admire the polyanna optimism of bankers. It is a farce. Stop funding islamists, you jerks.
Btw. Turkish banks are still required to lend residential loans with 0.98 % rate.