Episodes
Wednesday Sep 28, 2022
Are equities and treasuries set for correlation jump?
Wednesday Sep 28, 2022
Wednesday Sep 28, 2022
Today's slide deck: https://bit.ly/3Rp7o5z -
Click here to open an account with Saxo -
Today, a look at the US 10-year Treasury benchmark reaching the 4.0% milestone for the first time for this cycle after a remarkable surge in yields in recent weeks. It's worth considering the 1987 experience of bond markets flip-flopping in their correlation with equities and whether we could be set for a similar flip-flop if risk sentiment worsens further. Also, note that many speculative corners of the market were bid yesterday even as the action soured late and worsened still overnight as the US dollar continued surging - especially against the Chinese yuan overnight. Much more on today's pod, which is a solo flight with John J. Hardy hosting.
Intro and outro music by AShamaluevMusic