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bonds and usd was a crowded trade and when it unwound in...

  1. Calvo
    10,556 Posts.
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    12/01/24
    00:59
    Post #: 71841382
    bonds and usd was a crowded trade and when it unwound in December it caused a distortion in the rates markets - market was pricing 166bp cut for 2024 start of this year thats fallen to 150bp before todays report.... would have fallen even further now.

    Don't think rate cuts are possible at all.
    XJO Value at posting: 7,506.0
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    lightbulb Created with Sketch.  Great analysis
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