Express News | Dollar hedging costs have risen to their highest level since 2022. Traders are preparing to face the risk of the usa presidential election.
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Hedge funds are turning their attention to new yuan options as a bet on the US election trade.
The Singapore dollar is increasingly becoming a popular option for American election trading. The premium of buying one-month call options relative to put options has reached its highest level since May 2023. When the US dollar rises against the Singapore dollar, the value of these call options will increase. According to data from the Depository Trust & Clearing Corporation, as of the end of this week, trading in this currency involving nominal amounts close to or exceeding 0.1 billion US dollars has been in call options, with expiration dates extending up to January 22. Most central banks manage their economies by setting interest rates.
Barclays: The US Treasury is expected to expand the issuance scale of inflation-protected bonds, but should pause doing so.
Barclays interest rate strategists predict that next year, the US Department of the Treasury will continue to expand the auction size of Treasury Inflation-Protected Securities (TIPS) notes and bonds, despite compelling reasons to suggest that the Treasury should not do so. The Treasury plans to announce the auction sizes for November-January on Wednesday and has indicated it is unlikely to increase issuance sizes, except for TIPS. Barclays strategists Michael Pond and Jonathan Hill stated in their Tuesday report that they will focus on the issuance size of the new 10-year TIPS in January; the two strategists and the majority of primary traders.