Saxo Market Call

The unbearable sensitivity to rising yields

November 24, 2021

Today's slide deck:  https://bit.ly/32om7Kl   -

Today we try to quantify and illustrate the equity markets most sensitive to rises in long yields, i.e., duration sensitivity, noting particularly chunky declines in the most duration sensitive markets yesterday. As well, a look at the "buy the fact" reaction to the US release of strategic oil reserves, key FX stories, including the RBNZ proving less hawkish than the market hoped and much more. Today's pod features Peter Garnry on equities, Ole Hansen on fixed income and John J. Hardy hosting and on FX.

Intro and outro music by AShamaluevMusic

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