Flipped my tactical bond short. Fed and BOE both moved — the setup I was waiting for played out.
Still believe in bonds for long-term allocation (laid out the full case in my recent piece), but the short-term trade thesis expired. When central banks act and the move materializes, you take it off.
Now flat. Watching for the next asymmetric entry.
Still believe in bonds for long-term allocation (laid out the full case in my recent piece), but the short-term trade thesis expired. When central banks act and the move materializes, you take it off.
Now flat. Watching for the next asymmetric entry.
