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Nicolo Bocchin
Azimut Group (global co-head of fixed income)
First call on the ledger
No calls filed yet. Quotes in curly quotation marks are verbatim; everything
else is a labeled paraphrase. Every call links its original source. Before you trust the call, check the record.
Where they stand
Views on the record but not scoreable bets: no single number and deadline to grade. Shown in their exact words, never scored.
endorses Warsh's zero forward guidance as deliberate outsourcing
“Don't expect the Fed to tell you the direction. Just look at the numbers and make your own assessment as simple as that.”
the long-end selloff misreads softening inflation; market will reassess
“the market is not always correct about this assumption. And to me at this point in time is particularly wrong”
inflation fades within six-to-nine months toward 2%, hikes now would become cuts
“We don't need to hike rates now to cut them in nine months time time.”
extend duration at the very long end as risk compensation, though maybe not really in the US (prefers Japan, UK, Germany); the opposite side of Al-Hussainy
“there's a lot of value on the very long end of the curve because it's compensating for a lot of risk”
the long-duration trade is not really in the US but in Japan, UK, Germany
“if I look at a space like Japan like UK like Germany to me is a really low hanging fruits and fixed income”
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