Nomura’s McElligott: ‘The Only Catalyst To Turn The Tide On Perpetually Lower Rates May Be MMT’

Nomura’s McElligott: ‘The Only Catalyst To Turn The Tide On Perpetually Lower Rates May Be MMT’

"Yesterday’s monster cross-asset 'momentum' reversal saw the first real drawdown in 'trend trades' in months", Nomura's Charlie McElligott wrote Friday, looking back on an eventful Thursday session that saw bonds summarily routed just days after US government debt wrapped up the best month since 2008. "Patient-zero was the US Rates / Duration space", Charlie notes, underscoring the point, calling the bond selloff "death by thousand paper cuts". We enumerated those on Thursday, and McElligott
Subscribe or log in to read the rest of this content.

Speak your mind

This site uses Akismet to reduce spam. Learn how your comment data is processed.

NEWSROOM crewneck & prints