A sustained rise in inflation breakevens is the single largest threat to global risk assets. Fortunately, breakevens have turned lower recently.
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"Inflation" in funding currency countries needs to go up more (or at all) to seriously threaten the FX carry trade on a permanent basis
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Oil is at critical levels. Will a break higher spur the inflation required to upset risky assets?
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Monthly resistance for US 10 year yields is at 4.95% - 5.0% . A break could get very, very ugly from a technical perspective
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2.00 has been the sale of the century in cable for 20 years
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The Bovespa is near critical levels. Will EM melt up or melt down?
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And of course, the most important chart for any trader, the P/L....
1 comments:
Click here for comments2.00 has been the sale of the century in cable for 20 years
The drop off a cliff from bring ejected from ERM in Sept 92 certainly gives that impresssion and being the nice round number it is, represents a psychological milestone marker.
perhaps congress setting a 9 trillion ceiling on debt will ward off another nice round number 10.