A reminder - look to get long (L - S) the US curve. Clients were advised to do so, Sep/13.
This can be done in any number of ways with any number of instruments.
The Fed is expected to sell the curve, become of buyer of the long end, a seller of the short end. This will accomplish nothing of note, is in fact foolish; thus, it is consistent with recent policy.
Still, we want the reverse position ahead of that meeting. Preferable is 2 - 10, but even a longer (S) leg will do.
Robert Craven
This can be done in any number of ways with any number of instruments.
The Fed is expected to sell the curve, become of buyer of the long end, a seller of the short end. This will accomplish nothing of note, is in fact foolish; thus, it is consistent with recent policy.
Still, we want the reverse position ahead of that meeting. Preferable is 2 - 10, but even a longer (S) leg will do.
Robert Craven
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