U.S. Bonds Are A Tactical Short

We published a tectically bearish view on US bonds today on Seeking Alpha. Below are some excerpts: With the short-term downtrend giving way in recent trading, 10-year yields look set to once again recouple with their fundamental drivers and head higher. The rise in Swiss and Japanese yields to multi-month highs could be a canary…

MXN: Bargain Hunting

We published a bullish view on the Mexican Peso today on Seeking Alpha. Below are some excerpts: The Mexican peso looks highly attractive from a real yield perspective with average Mexican real yields currently 3.8pp higher than the U.S. Such a large divergence in real interest rate expectations should attract foreign investors into Mexico’s local…