|
|
本帖最後由 sec2100 於 2021-2-28 09:14 編輯
https://www.zerohedge.com/market ... p-panic-bond-market
Long story short, JPM agrees with Nomura that at 10y maturities, it appears the shorter-term signals for USTs have reached levels where mean reversion or profit taking signals by CTAs should start kicking in, while the average of shorter-term and longer-term signals are approaching those levels. That said, while there are signs that the shorter-term signal for 10y USTs and Bunds reaching extreme levels has triggered some CTAs to reduce short duration exposure, for the signals to more decisively reach oversold conditions for CTAs could take 10y UST yields reaching 1.6% and for 5y to reach 1.0%. This means that more yield momentum chasing higher could be in store in the coming days |
|
發表於 2021-2-27 10:48:33
收藏
樓主