by Tyler Durden
Friday, Feb 26, 2021 - 10:04 AM
Over the past two months, when unleashed animal spirits forced Citigroup to literally get a bigger chart measuring market euphoria, one analyst was warning that pain was coming. We are talking about Nomura s Masanari Takada, who long ago replaced a certain
gandalf with his market predictive skills, who first warned that a burst in 10Ys above 1.20% would spark CTA liquidations and shorting, and that 1.50% on the 10Y would emerge as a critical stop out catalyst leading to an even bigger selloff in rates coupled with a puke in broader equity markets.
Well, this morning the Nomura quant takes a well-deserved victory lap, writing that while the rise in yields was beyond what we expected, but a risk-off turn much as we expected, and elaborates:
Nomura-masanari-takada
Citigroup
Masanari-takada
Term-traders-index
சிட்டி-குழுமம்
கால-வர்த்தகர்கள்-குறியீட்டு