As title states, demand rebounded sharply after the Fed announced there would be no taper in September. All sectors acted in kind, with utilities, on percentage basis, leading the charge, as the long-term interest rates pulled back in yesterday's trading.
Looking at the heat map, All sectors saw far more demand relative to what we have seen in the past few days and more so relative to supply. Oddly enough, some traders and investors took the opportunity to sell some financial names. Maybe traders are worried that lower long rates will crimp the carry trade.
Looking at the heat map, All sectors saw far more demand relative to what we have seen in the past few days and more so relative to supply. Oddly enough, some traders and investors took the opportunity to sell some financial names. Maybe traders are worried that lower long rates will crimp the carry trade.
No comments:
Post a Comment