Monday, April 9, 2018

Increased Long Treasuries positions

Treasuries
"I think we are in a world of lot of deflationary forces. 
People worry about the Chinese dumping Treasuries. But their on record saying that they are not going to change their policies. Obviously if they started to sell treasuries, they would tank. Who would be the biggest losers ? The Chinese as the rest of their portfolios would be vastly reduced."

Excess Supply world
"We are in an excess supply world. That's why Trump's got the upper hand with the Chinese. In an excess supply world, whose got the upper hand, its the buyer, not the seller."

Listen to the full interview here on Bloomberg Markets AM