In a recent press release, the infamous bond strategist, Chet McMoney, announced the tactical positioning of his team’s euro bond portfolios. According to McMoney, they’ve taken a “defensive and neutral” approach due to the recent rates movements.
“We’re like a bunch of scared turtles, just tucking our heads in and waiting for the storm to pass,” McMoney quipped.
But, fear not! McMoney predicts that euro yields should remain in a steady range during the upcoming weeks. “It’s like watching paint dry, but with money,” he exclaimed.
When questioned about his confidence in this prediction, McMoney responded with a cheeky grin, “Hey, I’m not a gambling man, but if I was, I’d put all my chips on neutral.”
Many investors are skeptical of McMoney’s tactics and have dubbed him the “Chicken Little of Euro Bonds.” However, McMoney remains confident in his team’s approach and says they’re ready for whatever the market throws their way.
“Bring it on,” he declares, “We’ll be waiting here in our defensive and neutral turtle shells.”
