We see some interesting changes to the environment for January when we factor in rising liquidity and inflation at the same time.
Something for your Espresso: A mini duration washout
A relatively nasty start to the year with an according mini wash-out in positioning. Will liquidity be sufficient to keep risk assets bid through the month?
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Something for your Espresso: USD liquidity and fuel demand
The weekly EIA numbers keep surprising with extremely strong energy demand, while USD liquidity is about to soar further. Interesting cocktail, which is not necessarily disinflationary in the US in 2024.
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Trade Alert: Switching duration bet
We book a 13.7% profit in our EUR duration bet and see better risk/reward in another curve!
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Out of the Box #25: Europe. From Technical recession to an real one?
The ECB Hawks have taken significant steps towards a forthcoming policy pivot. But what if they remain on the backfoot?
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Something for your Espresso: Duration bets back in fashion as we watch the NOK and SEK
Duration bets look attractive from a technical and fundamental perspective, and we have added duration risks to our portfolio over the past 24 hours. May inflation looks very soft from the early looks at it in Spain and Belgium. Germany and US to follow?
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Steno Signals #7: Duration is getting killed across all asset classes
Duration has been “killed” by financial markets over the past year, which carries repercussions for all asset classes. How can you track duration across assets and is the duration sell-off over?
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