by Tyler Durden
Friday, Apr 16, 2021 - 11:21 AM
Many eyebrows were raised by yesterday s sudden move in Treasurys when following stellar economic data, treasury yields. tumbled, a move one would expect if the data had
missed across the board. Commenting on the scale of the move, Charlie McElligott notes that yesterday’s escalation rally in US duration (as measured by ZROZ 25+ Year Zero Coupon ETF as proxy) was the 3rd largest 1 day return since the Nov 4 week prior to election, and acted to further accelerate the rather dramatic countertrend reversal seen MTD in Equities thematics/risk premia.
The explanation, which we first suggested and others piggybacked on, was aggressive short positioning heading into yesterday s hot data - which perhaps wasn t hot enough - and prompted a TSY short squeeze, or as Nomura s Masanari Takada said,
Inversores buscan respuestas por alza de precios de bonos en medio de sólidos datos económicos gestion.pe - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gestion.pe Daily Mail and Mail on Sunday newspapers.
Middle EastWorld shares rebound as investors weigh economy against diplomacy
Hideyuki Sano
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A man wearing a protective face mask, following an outbreak of the coronavirus, talks on his mobile phone in front of a screen showing the Nikkei index outside a brokerage in Tokyo, Japan, February 26, 2020. REUTERS/Athit Perawongmetha
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Global shares bounced back on Friday, with Asian stocks recovering from a three-month low, as investors focused more on optimism about the global economic recovery than rising tensions between the West and China.
European stocks look set to open higher, with Euro Stoxx futures rising 0.8% and Britain s FTSE futures gaining 0.61%.
World shares rebound as investors weigh economy against diplomacy marketscreener.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketscreener.com Daily Mail and Mail on Sunday newspapers.
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Daily roundup of research and analysis from the The Globe and Mail’s market strategist Scott Barlow
Morgan Stanley strategist Boris Lerner published a 30-page report Friday with a number of useful market facts for investors,
“Currently, Low Vol is the most crowded factor while Size is the least crowded. 6 out of 11 sectors saw an increase in shorting activity with Technology being the most shorted sector, and Discretionary and Utilities, the least shorted sectors … Market concentration, as measured by the market cap weight of the top 5 stocks in the S&P 500 index, edged lower to 21.7%. It’s off from the August 2020 peak of 24.5%, but is still high relative to history and well above the two prior peaks of 18