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Bank of America have a Q3 'pain trade', stronger yen & lower NASDAQ a large part

Bank of America have a Q3 'pain trade', stronger yen & lower NASDAQ a large part
Bank of America strategists in a weekly commentary, they highlight a new pain trade as lower bond yieldslower Nasdaqstronger yenSaying:everyone is minting the same long T-bills, long Nasdaq barbelland thus the biggest Q3 pain trade is lower yields, lower Nasdaq, plus higher yenBoA note that:"no one has that on"More in the FX space, BoA say the biggest carry trade this year has been long MXN, short JPY. But its been ourpaced by the 30 odd % gain for the NASDAQ ... up until today anyway:NASDAQ ind... Read More
Posted: Jul 20 2023, 22:20
Author Name: forexlive
Views: 092020

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