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Goldman: Recession Fears Dictate Price Action Beyond The Front End

US TSYS

Goldman Sachs note that “beyond the very front end, the Fed’s inflation focus has heightened recession concerns, and led to a deepening inversion of the yield curve. Positioning has shifted sharply on these recession concerns - our filtered CFTC positioning indicator now implies increased risk of rallies, and our mutual fund positioning indicator suggests a net reduction in underweights over the last month.”

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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