Baltasar, thanks for your input on here.
Would you buy US bonds and if so, what is your thesis? Or are you just stating that lower exUS commodity buying costs will result from a lower DXY which should happen at some point? Assuming a lower DXY would have a positive correlation with lower global interest rates, I'm thinking you'd assume that the commodity holding/borrowing and opportunity cost will be lower too?
Would you buy bonds now for your 3-6 month positive backdrop scenario or closer to the mid terms? And on that timing issue, what is your thinking on supportive 3-6 months when the mid terms are 2 years away? Could they not wait until 6-12 months out from the mid terms, assuming that pump theory is valid?
If you lever into the liquid US treasury market you could make much more than you'll make here?
Baltasar, thanks for your input on here.Would you buy US bonds...
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