Golden Ten Data, August 8th, Morgan Stanley said that three-quarters of global arbitrage trades have been closed, and the recent decline has wiped out this year's gains. Quantitative strategists Antonin Delair, Meera Chandan, and Kunj Padh wrote in a letter to clients that the returns of the bank's tracked G-10, emerging market, and global arbitrage trade baskets have fallen by about 10% since May. The decline has erased the returns from the beginning of the year and significantly reduced the accumulated profits since the end of 2022. The team wrote that the Spot portion of the global arbitrage trade basket indicates that 75% of the arbitrage trades have been closed. They reiterated that there is not much time left for G-10 arbitrage trades. These strategists believe that the chances of a rebound in August are likely to be small, as the schedule of the Central Bank is relatively light during this period and volatility has started to cool down.
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摩根大通：全球75%的Arbitraj交易已Pozisyonu Kapat G-10Arbitraj交易来日无多
Golden Ten Data, August 8th, Morgan Stanley said that three-quarters of global arbitrage trades have been closed, and the recent decline has wiped out this year's gains. Quantitative strategists Antonin Delair, Meera Chandan, and Kunj Padh wrote in a letter to clients that the returns of the bank's tracked G-10, emerging market, and global arbitrage trade baskets have fallen by about 10% since May. The decline has erased the returns from the beginning of the year and significantly reduced the accumulated profits since the end of 2022. The team wrote that the Spot portion of the global arbitrage trade basket indicates that 75% of the arbitrage trades have been closed. They reiterated that there is not much time left for G-10 arbitrage trades. These strategists believe that the chances of a rebound in August are likely to be small, as the schedule of the Central Bank is relatively light during this period and volatility has started to cool down.