Many Moving Parts
By TF 9 Comments | 4 Likes A complex picture continues to emerge today as global bond yields continue to soar relative to US treasuries. The higher rates spark algos to buy the local currencies, which results in a falling POSX, which is the opposite impact you might expect. But in a world largely run by algorithm, what do you expect? Again, it is stimulus (printing) programs that are the root result. More...
By TF
A complex picture continues to emerge today as global bond yields continue to soar relative to US treasuries. The higher rates spark algos to buy the local currencies, which results in a falling POSX, which is the opposite impact you might expect. But in a world largely run by algorithm, what do you expect?
Again, it is stimulus (printing) programs that are the root result. More...
