Morgan Stanley: "This Was A Historic Vol Shock, But It's Almost Over"
by Tyler Durden Friday, Feb 26, 2021 - 12:10 PM The biggest daily increase in real yields since the Taper Tantrum (excluding March 2020) drove derisking Thursday and according to Morgan Stanleys Quant and Derivatives Strategy (QDS) group, there is now now $25bn of supply today (which likely already hit this morning) from systematic strategies on top of $20 to $25bn in asset allocation supply. While this flow suggests weakness likely continues through month-end and potentially into next week, an...
Source: zerohedge.com