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As Stocks Sink, This Is What RBC Is Looking For

As Stocks Sink, This Is What RBC Is Looking For

Despite the panicky "reverse engines!" dynamic last Friday in the US rates market - with popular “reflation” trade expressions (which had been seeing vicious unwinds) suddenly breathing new life as Fed’s Dudley clarified his "misconstrued" comments on "little pause" with short-term rates hiking -  RBC's head of cros asset strategy Charlie McElligott points out that 5y5y inflation remains stuck, EDZ7/8 curve is flattening again, and the EDZ789 butterfly too is again fading.  

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