Pro Macro: In Focus – Of Bonds & Beatings

Published on: November 14th, 2023

Oversold bonds rallied violently after the Nov FOMC and payroll data. JP had to wield his stick to beat back the bond bulls as equities rallied and financial conditions eased courtesy of the positive correlation between bond, equity & credit prices. This highlights the need for volatility management, diversifiers and/or risk reduction. Fingers on the sell trigger.

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