Macro Strategist, Saxo Capital Markets

Kay Van-Petersen

Macro Strategist

Saxo Capital Markets

Thematic (Sector/Industry)

China Financials / Thematic (Sector/Industry)

WK 23: Mon 6 Jun 2016. (As always thoughts/comments welcome…)Global Macro Take: WK 23 – RBA, RBNZ but really all about US Bonds<ul><li>Market will continue to digest the huge NFP miss 38k a vs. 160k e, with implications into the USD &amp; the Fed</li><li>Yellen’s round table today on Economic Outlook &amp; Monetary Policy will be heavily watched</li><li>Busy week on the central bank front with decisions due out from the like of RBA, RBI, RBNZ &amp; that’s just a taste…</li><li>US bonds, the consensus long trade it seems, what (if anything) are real rates telling us? Nobody seems to believe in US inflation</li></ul>

WK 23: Mon 6 Jun 2016. (As always thoughts/comments welcome…)Global Macro Take: WK 23 – RBA, RBNZ but really all about US BondsMarket will continue to digest the huge NFP miss 38k a vs. 160k e, with implications into the USD &amp; the FedYellen’s round table today on Economic Outlook &amp; Monetary Policy will be heavily watchedBusy week on the central bank front with decisions due out from the like of RBA, RBI, RBNZ &amp; that’s just a taste…US bonds, the consensus long trade it seems, what (if anything) are real rates telling us? Nobody seems to believe in US inflation

Haitong Securities Co Ltd (A) (600837 CH)

Shanghai Pudong Development Bank Co. (600000 CH)

Vanguard FTSE Emerging Markets ETF (VWO US)

China Merchants Securities Co Ltd (A) (600999 CH)

China Pacific Insurance (Group) Co., (601601 CH)

China Merchants Securities Co Ltd (H) (6099 HK)

TGIM! @KVP_Macro - WK 23. Mon 6 Jun. The Global Macro Take: RBA, RBNZ but Really All About US Bonds