We Are All Treasury Traders at the Moment
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(1) Weekly absolute value level correlation with US10s; Source: Bloomberg, TD Securities
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Correlation with US10s in 2023H2
(1)
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0.4
Correlation with US10s over the last decade
Normal Correlations
Basically US Duration trades now
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$IG
CNY
SPX
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EMFX
USD
Copper
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Gold
Oil
US2y
Click the legend entries to see the correlations
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