海外研报

June JSDA Trading Volume of Over-the-Counter Bonds

CLEAR SIGNS OF BEARISHNESS ON SUPER-LONG JGBSJSDA Trading Volume of Over-the-Counter Bonds data for June were indicative of most

Global equities gained 0.1%; Japan outperformed

Macro data this weekUS: The ISM manufacturing index on Monday, the JOLTS jobopenings report on Tuesday, and the employment report on

FX View The big carry unwind is underway

The unwind is real but this morning’s moves are overdone. You can’t unwind the biggest carry trade the world has ever seen without breaking a few

Four key takeaways from the latest sell-off

The short-term rates market is still fully pricing in a recession (and risks position unwinds if data doesn’t comply).