Already have an account? log in
This article is FREE for you
Create a free account and join institutional investors, analysts and strategists from the world's largest banks
By submitting your email address you agree to receive communication by email
‘Tectonic’ CTA Shift Drove Rates Reversal, Bond Rally
Two months ago, the US long-end couldn't sustain a bid to save its life and a hawkish Fed risked an
OR, subscribe now for unlimited access
By submitting your email address you agree to receive communication by email
By submitting your email address you agree to receive communication by email
Makes one wonder about information value of market-derived forecasts of rate cuts.
Thanks for the post. Was wondering about this topic.
If I was a bond trader, but I buy & hold to mat., … I’d be taking $ off table tomorrow… velocity and overshoots are the new norm, imho. Money makers for the brave and nimble.
well, if not jobs report, then likely hawkish hold and hawkish leaning “killer” dots may frustrate the current uber longs…definitely seems that this cycle bottom is in for long suffering long bond holders, but a reasonable correction may be in order given recent strength…