Pro Macro: Flash Update – March 15, 2023

Published on: March 15th, 2023

Things are moving VERY quickly now and it’s already time for a second flash update from us. Just today, Credit Suisse shares plunged over 30% to a new all-time low…


  • LA
    Lysander A.
    15 March 2023 @ 17:14
    Ok wish me luck...and please scream at me if time to get out of those trades
  • AN
    Alexander N.
    15 March 2023 @ 17:31
    What would be a good european retail alternative for the TMF trade?
    • LL
      Ludovico L.
      15 March 2023 @ 18:25
      Looking for the same. I have already taken a position in US 10-year 3x leveraged ETF (WisdomTree US Treasuries 10Y 3x Leveraged IE00BKT09032) and looking to add more into the trade recommendation. Wondering the rationale behind 20 years vs short-term treasuries (e.g. only due to sensitivity of the current move, longer-term still have to catch up). Would leveraged 10-years work equally well instead of 20-year?
  • MW
    Matthew W.
    15 March 2023 @ 20:46
    TD won't let me buy ED anymore, assuming SOFR is a good substitute?
    • MW
      Matthew W.
      17 March 2023 @ 14:49
      Ok yeah thx figured that. Strapped in for the roller coaster.
    • AS
      Arjan S.
      16 March 2023 @ 20:39
      Yeah. It should be identical for these purposes.
  • AA
    Alberto A.
    15 March 2023 @ 22:15
    I was waiting for this type of trade :) Do you recommend any option strike prices as you did before for the eurodollar trade? I guess /GE work perfectly fine? Thanks
  • WM
    Wai M.
    16 March 2023 @ 02:00
    Can someone explain how to buy EDZ3 on Interactive Brokers?
    • LH
      Luis H.
      16 March 2023 @ 22:59
      I believe the future is GE 18 Dez 2023
    • JL
      John L.
      16 March 2023 @ 03:53
      It's been replaced by SOFR Dec 23
  • JL
    John L.
    16 March 2023 @ 03:53
    Any chance Raoul of target price and max downside? Not necessarily asking for stop loss and take profit, as I know that's not your style, but a general rough indication would be useful for position sizing. Cheers
  • MP
    Michel P.
    16 March 2023 @ 05:59
    Would TLT be the right ETF for a unlevereged bet on decreasing yields ? (instead of TMF)
    • WM
      William M.
      24 March 2023 @ 15:13
      Julian just recommend IEF & TLT for the same purpose I believe. I presume you saw this.