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All hail the base case; US real yield longs versus EUR - BofA
Bank of America Global Research goes long US vs EU real yields long to protect against crowded positioning and sticky US inflation.
The US CPI print led to a sharp rally in rate markets: one 25bp rate hike was taken out of the front-end, 10y real yields rallied some 25bp too, with a 35bp rally in 1y breakevens. Risk assets spiked and the dollar declined...We expect USTs to outperform, in line with consensus... Read More
Posted: Nov 14 2022, 19:18
Author Name: forexlive
Views: 111493