The USD is trading weak versus especially low-yielding peers, which is consistent with a bull-steepening of the yield curve. The question is if the SNB and the BoJ will have to change plans due to stronger FX developments.
Trade Alert: A defensive yet cyclical tilt
We see cyclicality as overcooked in equity space, but find ways to exploit the stretched positioning.
To read the full article, sign up for a 14-day FREE trial of the Premium plan.
Already a member? Login here
Something for your Espresso: A diesel crisis is brewing
The Russian curbs on diesel exports arrive at a bad timing with already low inventories ahead of peak demand season. Central banks trying to pause amidst this will feel the wrath from long bond yields.
To read the full article, sign up for a 14-day FREE trial of the Premium plan.
Already a member? Login here
Steno Signals #59 – When it rains on Janet Yellen, it pours!
The Bank of Japan has fueled a global curve steepening and the US Treasury is forced to emphasize the trend with substantial ramifications for liquidity, rates, FX and equities. Here is how we play it!
To read the full article, sign up for a 14-day FREE trial of the Basic, Premium or Crypto plan.
Already a member? Login here
