After a massively successful copper trade (up 7.17% since Dec 2nd monthly piece and closed today for profit taking) based on the thesis I wrote on this and last month’s monthly piece, I thought it would be great to supplement Putamen Growth Fund performance by also adding tactical trades based on current macro conditions. Derivatives,ContinueContinue reading “Tactical Trade: Short U.S. 10-year Treasury Notes”
Tag Archives: yield
The Sweet Spot for Emerging Market Bonds
Downlaod PDF: Emerging Market Bonds High-yielding EM government and corporate bonds are likely to perform well in negative yields environment as investors search for yield. Although debt level has been rising, interest cost has been declining. Profit growth has also been outpacing the increase in interest cost, which does not translate the increase in debtContinueContinue reading “The Sweet Spot for Emerging Market Bonds”
August 2019: The Long View, Turkey and Revisiting This Year Investment Thesis
Read in PDF: Monthly 201908 As bond yields continue to stumble globally, we expect that more SWF and pension fund will divert allocation from fixed income to both public and private equity, which would be a boon for the deepening of stock market globally. Holding developed countries’ government bond is a sure way of losingContinueContinue reading “August 2019: The Long View, Turkey and Revisiting This Year Investment Thesis”
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