MORE SHOES TO DROP: The stock slump led to a massive
unwinding of a short position in products related to the VIX volatility index, as Credit Suisse and Nomura announced the shuttering of their respective exchange - traded notes that bet on lower volatility.
Not exact matches
Balance sheet friendly, supports long and
short positions (receive vs. pay), The
position can be
unwound quickly on - demand Cons: swap spreads risk exposure if the investor wants to hedge instruments correlated with part
of the Treasury curve.
He said at the end
of that snippet from 2012 that they were going to
unwind their
short volatility
position.
It's often called a «safe haven» currency but it was rising in January even as the US stock market was soaring... so there's something else in play... any
unwinding of the massive
short Yen
positioning in the futures markets could accelerate the rally.
The rise in US yields is thought to be the primary driver behind the USD resurgence, but
unwinding of USD
short positions, given that CFTC market
positioning was at seven years highs, also goes a long way to explain the dynamic shift in USD sentiment.
Watermark Funds Management's Joshua Ross was one investor who identified the potential problems more than a year ago, though the fund
unwound its
short position because
of concerns the Murray Goulburn price would defy fundamentals in the face
of strong dairy thematics playing out in stocks such as Bellamy's and Bega.
The amazing
position of RestPoint Bed and Breakfast and the elegant and spacious accommodation enables guests to relax and
unwind immediately, and take full advantage
of their
short break.