Jan

Deutsche Bank Says Oil, Bond and Yen Trades May Be Due Break

Bonds and yen shorts and long-oil trades look ‘stretched’
Fundamentals still strong but positioning is at extremes

The new year has barely started and it’s time for a breather, according to Deutsche Bank AG.

The lender says three popular “reflation trades” — selling government bonds, buying oil and shorting the yen — may have gone too far.

While fundamentals suggest these trends may have further to go, Deutsche Bank strategists including New York-based Parag Thatte wrote in a recent note that the trio of consensus calls are now looking “stretched.”…

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Deutsche Bank Says Oil, Bond and Yen Trades May Be Due Break

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