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18:23
Barclays: Investors Remain "Heavily Short" on U.S. Interest Rate Volatility
Short volatility positions are spread across the entire yield curve, and swaption trading volume has declined further in recent weeks. The current overall short bias is now “close to the extreme levels seen in January.”
18:22
Bank of America: Buy U.S. Treasuries that have lagged in the rebound driven by U.S.-Iran tensions
Bank of America strategists recommend buying mid-curve bonds and engaging in steepener trades, expecting these bonds to rebound as the market increases bets on Federal Reserve rate cuts. The strategists anticipate that as the market refocuses on macroeconomic fundamentals, changes in Federal Reserve leadership, and U.S. Treasury supply, yields in the middle segment of the U.S. Treasury yield curve will decline and the curve will steepen.
18:05
JPMorgan's Mislav Matejka stated that earnings expectations are being raised across all major regions.
Despite renewed escalation in geopolitical tensions and the possibility that significant and sustained increases in oil prices may put pressure on profits, a Brent oil price of $100 per barrel remains consistent with expectations of profit growth.
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