“The only thing that doesn’t make it a disaster for low vol is the fact that people think the Fed’s going to cut and that should keep the 10-year relatively contained, but I think we’ll see a continued unwind of that trade,” he said in a telephone interview. “The way the G-20 has played out is good for the ‘global reflation trade’ -- you’ve got to believe that semis and capital goods start to go here.’’
--With assistance from Justina Lee.
This article was provided by Bloomberg News.