Quarterly Outlook
Fixed Income Outlook: Bonds Hit Reset. A New Equilibrium Emerges
Althea Spinozzi
Head of Fixed Income Strategy
Head of Commodity Strategy
Summary: Hedge funds cut bullish bets on commodities by 18% to 457k lots. While gold, silver, copper and grains were sold as the dollar rose, the oil long expanded further in response to the US decision not to extend waivers to the ban on Iranian oil.