INFLATION: WHAT'S BUILT IN?
The 'tourist explores the market's expectations for future inflation
I’ve been waiting for this moment for a while.
You folks know that I am a big inflation bull, but lately, I have been strangely silent about one of my favourite trades; long inflation breakevens.
I’ve felt naked as I didn’t own any, but the inflation exuberance was a little too strong for my liking and I jettisoned the position a few months ago.