Federal Reserve
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Rate risk is back on the index trader checklist
With CPI and Fed testimony ahead, index traders should separate earnings momentum from rate-sensitive valuation risk.
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The Global Rates Trade Is Back And Duration Is Starting To Hurt Again
A July 1 jump in U.S. rate-hike odds is turning Treasuries, Bunds, JGBs, and Korea Treasury futures back into one macro trade. That matters because when duration takes over, equity optimism usually has less room to hide.