As of now (16:32 Beijing time), the Mini NASDAQ100 (E-MINI NASDAQ100) 03 contract is down 29 points (0.18%); the mini S&P500 (E-MINI S&P500) 03 contract is down 2.25 points (0.05%); and the mini Dow Jones (E-MINI DOW) 03 contract is up 16 points (0.04%). As the Fed embarks on a path of tightening that kills bond returns, JPMorgan's head of fixed income practices at JPMorgan Asset Management is hoarding cash. Michele, chief investment officer at Xiaomo Asset Management, said that as the Fed cuts stimulus to guarantee asset prices during the pandemic, money market funds and U.S. Treasuries are the best investment options among the most liquid assets. Analysts at international derivatives think tanks believe that Xiaomo still maintains its risk appetite, listing leveraged bonds and loans, bank hybrid debt instruments and short-term securitized credit as the first choice.
This article originated from the international derivatives think tank
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