📌 @ridethepig AU02Y Market Commentary 18.12.2020
This position which arises after the telegraphed breakout from the 10Y and thus creates space for the front end. A typical manoeuvre for the AU and NZ yields:
The analysis of the starting position shows us that the control now exists on the bid; because we know that it is the path of least resistance, so the...
I would have preferred it if Aussie Yields could have sought the break for the close last week, the decision to hold up here, rather than forcing the pass is notable that Yield curve control is really coming through. Which is an appendage to the following position in AUD:
Those aiming for this macro swing position are effectively trading the artificial Fed...