It was the second-most crowded position on the planet after all.
Category: 10Y
‘This Screams Fed Tightening & Late Cycle’
One bank has a message for you…
Sincerely Yours. 😥
Oh well. 😥
One Trader Wants To Know Where The Nuance Is When It Comes To Your Conviction Bond Call
“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…”
Tom And Jerry.
No shortage of entertainment on Wednesday.
Disappointed.
Premature elation.
Oil Is Responsible For Rising Bond Yields, But Not In The Way You Think, According To One Bank
A more “credible” explanation?
Out Of The Frying Pan, Into The Fire: Full Week Ahead Preview
Trade war canceled, Trump demands DoJ investigate itself, Italy goes to the populists and Venezuela has an “electionâ€.
A Visual Guide To The Strong Dollar-EM- Fed Hike Causality Chain
Around the world and back again.
Trader Delivers ‘Harsh Realities’ On Breakevens, TIPs And Other Matters
“You have to be long TIPS, but also short Treasuries. Owning TIPS outright is not good enough.”
Cliffhanger.
And that’s the week.
‘Overshoots’, ‘Devastation’ And The Always Enthralling Term Premium Debate
… the overarching narrative makes sense and even if it didn’t, it doesn’t have to. That’s the thing about narratives.
We’ll Have To Wait And See.
Be patient. It’ll work out. Maybe.
Should Bond Bears Be Worried About How Much Company They Have?
2 is company but is 3 (%) a crowd?
Word Is Bond.
Dat’s yo’ word, son?
For One Bank, This Is ‘One Of The Most Striking Developments Of The Past Few Weeks’
Hint: it’s the normalization of U.S. equity volatility.
Retail Sales! Who’s Excited?!
As a reminder, this is the marquee data point in the U.S. this week and it will be yet another opportunity for the market to assess the new, U.S.-centric growth narrative.
Uncharted Waters: Budget Lunacy, The #MAGA Economy And What PredictIt Predicts For Rates
“You will ride eternal, tacky and gold leaf”…
Different Day, Same Stories, Only Different.
But still, read it.
When You Cross The Streams, Why Don’t Stocks Go To Infinity?
“Instead of just tossing the Fed Model aside as useless and broken, it makes sense to think about how it might once again recouple and provide some guidance for stock market pricing.”
Transparency, Trust And The ‘Fed In Wonderland’
“Oh dear! Oh dear! I shall be too late!”
Good News! The Algos Say The US Economy ‘Is Doing Just Fine’
Ignore the large laser cannon, he’s just here to help!
Nuclear Football.
And that’s the week.
You must be logged in to post a comment.