American Century Investments: Primary market and positioning a focus after risk-clearing election
Trader TV, London
Lindsey Spink, head of global fixed-income trading at American Century Investments, talks through the big trades institutional traders are placing in the market post-US election, current market conditions, and risks – including tail risks, and where they exist for the buy-side this week.
With very different levels of volatility in spread and macro products, «tape bombs» or unexpected market events, look unlikely in the short term. Longer term issues being tackled in this period of benign trading include a shift from large enterprise software demands to smaller bolt-on technologies that give specific functionality, and greater primary market efficiency, during a time when primary supply will be reducing.
Notably, with a lot of volatility in macro markets and very directional trades in spread products, there is a lot of competition to get into the right position for 2025.
18.11.2024