This Week in Macro: NFP, BOJ, EZ GDP - Short UST/JGB, Long Argie/Turkey, US Midterm Tail Risk Trades
Our guide to this week’s global macro risk events and trading opportunities. This week in trade ideas: Initiate strategic short 10yr USTs and JGBs...
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ECB and Fed QE Reversal in Play, Credit Risk Dampening CNY and EUR
The CNY has developed a steady downtrend. While this is often discussed in the context of political relations between the US and China, it may...
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Fundamentals Battle Positioning, Real Yields Support the USD
In the FX market, fundamentals are battling excessive positioning in several currencies, including the AUD and NZD where positioning data suggest...
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Mounting Risks for Eurozone and China
Under-performing Eurozone corporate assets point to downside risk for the EUR, as does higher US real yields and higher US hedging costs. German...
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Old Skool Moves in US Yields and Dollar
US yields shot higher Wednesday after 10-year yields rose above previous highs for the year. While rising US yields haven’t helped the USD all...
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