Analysis

STIR butterflies from Yield curve flip flops

Analysis / / , ,

How should we think of our rates hedges to lazy equity longs now? Hopefully, there will be something interesting to chew on regarding rates hedging an equity long book using STIR futures and the curve. The article can also be found here: https://tetractysresearch.com/yield-curve-flip-flops-and-stir-butterflies/ This early September 2024, we commemorate the un-inversion of the yield curve (looking at 2s10s), […]

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Hysteria from Hysteresis and Path Dependence – Clearinghouses

Analysis / / ,

Recent economic numbers provided confirmation bias to the goldilocks cycle of continued but slowing growth, as laid out in the previous note (attached). Together with the momentum of balance sheet monetary easing which has been ongoing for the better part of a year in the shadows of the reverse repo facility and is set to

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What is the likely path for growth now? – What is my credit card limit?

Analysis / / ,

How has Yellen’s shopping been doing? We have covered some monetary theory in the prior post to understand the net easing the economy has effectively seen in a period of relatively tight monetary policy. What is the underlying growth story? One of the issues with how economic data is presented comes with the one-dimensional semi-binary

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