Bond View Update!
I believe that long-term rates, e.g, 30-year rates, will rise further from here. As such, we remain short bonds through the ownership of swaptions.
The world is a structurally different place than it was. The peace dividend is no more. The long-term deflationary effects of outsourcing production to China are no more.... See more
Bill Ackmanx.comUnemployment is going up. Historically it trends, meaning it is likely to continue going up. Incidentally this is one of the main drivers of inflation (labor market) but the quits-rate is quite low meaning people aren’t leaving their jobs. This suggests employers have the leverage between these two groups. If that’s true then it’s probably also... See more
0xsmac • Déjà Vu All Over Again
Inflation, Interest Rates, The War in Ukraine & Commodity Prices, Labor Markets and The Great Repricing