Option premiums allow one to derive risk-neutral probabilities for the underlying security at expiry. How are these probabilities looking for USD, EUR- and GBP inflation?
Something for your Espresso: Steep, steeper, steepest?
The curve steepener remains the best risk/reward trade in global macro as the Asian doom loop now adds to steepening pressures. With the PBoC, the BoJ and the CBI in intervention territory, should we expect further pressures?
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