You can control the hedge, not the P/L
Mar, 24, 2026 By Vikram Murarka 0 comments
In our last report (27-Feb-26, UST10Yr 4.01%), which was published just one day before the start of the US-Israel-Iran War on 28-Feb, we had continued to target 4.60% on the US10Yr based on expectations of higher Crude. At that time, we were looking for Brent to rise …. Read More
The Net Long short position for WTI has started to move up. Currently above 2, will it rise sharply towards 4-6 and higher or fall back towards 1.5 or lower? The US-Iran conflict has lead to a sharp rally in crude prices. Will it dominate prices in the coming months? … Read More
Our view of a fall towards 1.14 seems to be playing out well so far as the tensions in the Middle East and the US-Iran conflict have triggered a rise in Dollar Index and crude oil prices, thereby weakening to Euro to 1.1507 so far in Mar-26. Will it again attempt to rise targeting 1.20? Or will it remain below 1.19/20 now and see an eventual decline to 1.10? …. Read More
The Real 10Yr Yield at 0.90% plus CPI at 6.2% implies that the nominal 10Yr GOI rate can … Read More
In our 10-Dec-25 report (USDJPY 156.70), we expected the USDJPY to trade within 154-158 region till Jan’26 before eventually rising in the long run. In line with our view, the pair limited the downside to … Read More
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