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Nasdaq-Bitcoin Correlation Rising Again


US Equities make new session lows

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Goldman Sachs note that "combined with the fact that the front/belly should be relatively insulated from overseas shocks (such as a US-led bond selloff) which tend to affect longer maturities to a greater extent, and an expectation that the target rate for RBA YCC at the 3y point would be lowered along with the policy rate, we believe longs around the 5y sector remain attractive. We recommend receiving 5-year AUD swaps."

MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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