Max frustration market stays alive
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
Stay updated with breaking news from Vol Target. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
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 Stanley's 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, and much will depend on how strongly the Fed pushes back on these moves and volatility in the bond ma...