@hedgeye calls it #Quad2 reflation, but I rather prefer @jam_croissantโs colorful description of โendless gamma squeezesโ oh so reminiscent of ๐๐พ๐ฅณ like itโs 1999!
Letโs dig into the macro ๐งฎ for the week
2/15
A ๐ #FOMC on Wednesday and a ๐ช๐ผ #NFP report on Friday with underlying wage #inflation of 4.9% y/y was enough to ignite a rally in the $UST market โ๏ธ
WTF, you say?
3/15
Indeed, the MOVE 66.30 โ๏ธ from 78.34 on Tuesday as the 10/2s curve remained ๐ฅ at 105