Welcome to the new week. Enjoy your stay.
Category: bonds
Pandemic Fears Intensify As Life Grinds To Halt, US Yields Grind To New Record Lows
And yet, markets still haven’t really sold off in a manner consistent with “capitulation”.
Mike Pence As Virus Hunter. Rebalancing Flows As Bear Repellent.
If you’re looking for a savior amid the chaos…
Bail Bond: ‘Four Decimal Watch’
“I’m on ‘four decimal watch.”
Werewolves, Emergency Rate Cuts And Peak COVID-19 Panic
A watershed moment?
Hall Of Mirrors And The Lost Art Of Controlled Burns
“Afflictions”.
Bond Rally Has That August Feel, As Macro Scare And Hedging Flows Collide
And now, back to your regularly scheduled, insane duration grab.
‘This Is The Big One, Elizabeth!’
…too many market participants shrieked, all at once, into the digital void.Â
McElligott, Kolanovic And The ‘Max Pain’ Trade
What could bring back September’s shock reversal?
Hell Or High Water.
“…frustration gave way to incredulity and, eventually, incredulity surrendered to a kind of fatalism”.
No Man’s Land And The Boilerplate Bond Chyron
“Investors want to be long US Treasurys”.
Bonds, Greeks And Stubborn Greenbacks
This is a good time to roll out the most nauseatingly clichéd quip in the history of market jokes…
Coronavirus And China’s Never-Ending Spinning Plates Routine
The anti-epidemic bond issuance story is a microcosm of a broader narrative.
Deutsche’s Kocic Explains How It Could All Dead End
Any questions?
Out On A Limb.
No asset is an island.
JPMorgan Flags Worsening In ‘One Of The Most Important Market Indicators’
“…similar to 2018, rate markets are sending warning signs”.
A Correlation Flip, And A Quick Recap Of Charlie McElligott’s 2020 Macro Outlook
Once we get beyond the virus, we’ll be back pondering the same, familiar dynamics.
A Virus Stole My Reflation Trade
These are the kinds of headlines which have made investors reluctant to carry risk into the weekend.
Eye-Popping.
New virus numbers, surging stocks, tumbling Tesla and a VP on the ropes.
To The Moon.
It’s quite an amazing thing.
‘Monstrous’ Bond Rally Could Reverse Near-Term, Nomura’s McElligott Says. Here’s Why…
Spoiler alert: His longer-term outlook is unchanged. Near-term action will be “just another swing in the pendulum”.
Jeff Gundlach Probably About 90% Correct To Say Chances Of Fed Cut Are About 90%
“Now a 90% chance of a 2020 cut”.
State Of Emergency.
Who’s excited for mainland Chinese markets to reopen?
Person-To-Person Inversion.
It’s starting to feel like August all over again for markets.
As One Bank Takes Profits In Bond Long, Have Yields Fallen Too Far, Too Fast?
Too rich for some folks’ liking.
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