Nomura: Bond puke over

Via Zero Hedge comes CTA wizard Charlie McElligott of Nomura:

Nomura’s Charlie McElligott who echoed what we said on Saturday, writing that “the Treasury selloff feels “tactically tired,” with positioning now well-cleansed (massive duration sale from leveraged funds in the last reporting period, plus short-term CTA model now-having established their “short” TY and ED$ positions with no proximate next “sell trigger” levels).”

And since we showed previously that 10Y yields, momentum, and value is just one big trade…

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