macro larper
United States
Joined September 2015
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just because tlt is a shit product and you think you know something
Doesn’t mean you should fancy yourself a rates trader. I know I am NOT
Those options are going to zero
You take the assumption that oil is function on an inverse correlation with yields. That is wrong, ever head of demand destruction?
You assume midterms matter, dumb.
Honestly I don’t know how you can be so brazen or so dumb at the same time.
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empty_cunt retweeted
I’m one of the more optimistic people on this place and this is fucking bonkers sus it doesn’t pass the sniff test, let alone the dog shit sniff test.
Few weeks ago we were discussing on spaces about whether debt credit rerating concerns were idiosyncratic vs systemic. What appeared to be normalization has worsened.
This is quite concerning @deerpointmacro
🤖 Made with AI
#fearthedeer
@IiiRicher …. D00M!!!
Legacy coupons (rolling off) vs new IG rolling in. As older legacy’s roll off and new legacy’s are added (at higher yields) which means more cash generation for investors.
Keeping issuance steady we find net income supply vs coupon net income would decline from 302B to 201.5B a reduction of 33.28%. This could be a technical tailwind for IG.
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