"They Are Sleepwalking Into A Major Correction": One Trader Expects A Violent Move In Bunds
With many expecting long-yield to continue declining no matter what, and how many hikes, the Fed and central banks do on the short end, Tommi Utoslahti, a former derivatives trader and analyst and currently one of Bloomberg’s Global Macro squawkers, disagrees and as he writes in his latest Markets Live note below, expects a violent repricing in European rates, and especially the Bund market, where "Investors have become so blinded by QE-suppressed ultra-low yields that they risk sleepwalking into a major correction even as most hard indicators scream for heightened alertness." Of course, th