Strategy Note: Short-term reprieve but the risk-off phase is not over

  • Chart 1: We expect the EM carry trade to find breathing space
  • Chart 2: Oil reversing is crucial to global $-Liquidity
  • Chart 3: Major resistance at 2.91% ahead
  • Chart 4: US bond bull/bear cycles since the 1990’s, in perspective
  • Chart 5: Dollar is likely to correct from previous highs
  • Chart 6: Consensus: Record net short USD and US 10-yr
  • Chart 7: $-rand, targeting 12.20 during correction phase
  • Chart 8: R186 Bond, targeting 8.24% during the correction phaseStrategyNote_180528
By | 2018-05-28T19:08:08+02:00 May 28th, 2018|Markets and Research|0 Comments

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