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16Apr2021 Midday Update: U S Oil Bankruptcies Shoot Up In Q1 2021, DOW Records New High, At 12:30 ET Up 90 Points, Nasdaq Flat +0 00%, Bitcoin 61500, Residential Building Growth Improves

U.S. investment bank Morgan Stanley s lending to the collapsed hedge fund cost it nearly $1bn (SPY +0.2%). SP 500 sets new historic high. Rail Shows Significant Gains Year-over-Year. Here is the current market situation from CNN Money North and South American markets finished mixed as of the most recent closing prices. The Bovespa gained 1.21%, while the IPC led the S&P 500 lower. They fell 1.14% and 0.06% respectively. What Is Moving the Markets Here are the headlines moving the markets. Russia: OPEC+ To Gradually Ease Production Cuts In May-July The OPEC+ alliance will gradually ease the collective production cuts between May and July, as the ministers agreed earlier this month, Russias Deputy Prime Minister Alexander Novak told reporters on Friday. The decision was taken by OPEC+, and the gradual reversal of part of the cuts will take place between May and July, Novak said, as carried by the Russian news agency Interfax. Russia, the key partner of OPEC in the OPEC+ group

This Is The Capitulation Trigger Line For CTAs Shorting Treasuries

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,

Quant Who Called This Week s Rout Turns Bullish, Says CTAs Are Now Covering TSY Shorts

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:

How Ugly Will It Get: CTAs Are The Most Short Treasurys Since 2018 And Getting Shorter

How Ugly Will It Get: CTAs Are The Most Short Treasurys Since 2018 And Getting Shorter
zerohedge.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zerohedge.com Daily Mail and Mail on Sunday newspapers.

17Feb2021 Midday Update: Down Day For Wall Street, DOW Briefly Records Green But Slips, At 12:30 ET Down 50 Points, Silver 27 27, US Dollar Stronger 90 94, Bitcoin Higher 51200

17Feb2021 Midday Update: Down Day For Wall Street, DOW Briefly Records Green But Slips, At 12:30 ET Down 50 Points, Silver 27 27, US Dollar Stronger 90 94, Bitcoin Higher 51200
econintersect.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from econintersect.com Daily Mail and Mail on Sunday newspapers.

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