Citadel Covers Treasury Short; Outlines New 'Best Protection' Position

Authored by Frank Flight, Citadel Securities macro strategist,

Markets need to see safe passage of international ships through the Strait of Hormuz soon, or financial conditions will need to shift focus from inflation to growth risks.  We think there maybe scope for global front end rates to rally and are turning neutral on US fixed income having held a short bias for some time.