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Technos, a duration play and FCF issues in higher rates environment

Jan 7, 2021 | Global Macro, Technology, USA

Briefly, these two charts demonstrate the sensitivity of the FCF yield to any rate hike.

In addition, the correlation between the NASDAQ and the US 10Y Treasury (inverted if you consider the yield) is highlighting the duration play.

I am short US 10Y (target 1.25%) and to be coherent short NASDAQ too…

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