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What Caused The August Vol Shock
Whether or not fund managers registered a drop in soft landing odds in recent days, market pricing certainly did.
On Tuesday, BofA released the August edition of the bank's closely-watched Global Fund Manager survey, and while the responses indicated some incremental consternation about the growth outlook in light of the US recession scare, soft landing buy-in actually hit a new high.
By contrast, soft landing odds -- defined as one to three Fed cuts by year-end -- as priced by front-end US ra
I can’t find the relevant article but do I remember correctly H that you reported on someone having august 45 calls? I wonder if they were able to cash in that day……