Dollar hedging costs have risen to their highest level since 2022. Traders are preparing to face the risk of the usa presidential election.
The price of hedging against USD volatility has surged to the highest level in nearly two years, as traders prepare for significant market fluctuations after next week's USA presidential election. Bloomberg's USD index's 1-week implied volatility indicator rose to its highest level since December 2022, when concerns of an economic recession once swept through financial markets. This indicates that traders are preparing for significant fluctuations in USD against major currencies such as EUR, JPY, and MXN, thereby increasing the cost of options to hedge against such volatility. "Elections are a binary event for the market, hence the rising demand for election forex hedging," said Barclays in New York.
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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 has become a popular trade for options investors in the US presidential election. The premium for buying 1-month call options relative to put options has reached its highest level since May 2023. When the US dollar rises against the yuan, the value of these call options will increase. According to data from the Depository Trust & Clearing Corporation, as of the end of this week, trades in this currency amounting to nearly or exceeding $0.1 billion are for call options, with the longest expiry date being January 22. Most central banks adjust interest rates through
Barclays: The US Treasury Department is expected to expand the issuance scale of inflation-protected bonds, but should suspend doing so for now.
Barclays interest rate strategists predict that next year, the usa Treasury will continue to expand the issuance scale of Treasury Inflation-Protected Securities (TIPS) notes and bonds, despite compelling reasons to suggest the Treasury should not do so. The Treasury plans to announce the scale of note and bond issuance from November to January on Wednesday, and has indicated it is unlikely to expand the issuance size, 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 newly issued 10-year TIPS in January; the two strategists and most primary traders
Top 20 in U.S. stocks turnover on October 29th: Boeing will issue additional stocks for financing 21 billion U.S. dollars.
On Tuesday, Nvidia, the top spot in the US stock market turnover, rose by 0.52% to $21.385 billion. SoftBank's Masayoshi Son recently stated that when it comes to artificial intelligence and companies like Nvidia, although some may claim that Nvidia is facing difficulties, he believes that the market has simply overestimated its value too early; in fact, he thinks Nvidia is currently undervalued. There is a significant gap between the perceived value and long-term potential of generative artificial intelligence, indicating that the current perception may reflect a bubble. In second place, Tesla fell by 1.14% to $20.724 billion in turnover. Tesla recently announced its market plans in China.
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