Hints and tips:
...“There are big shorts out there,” said Michael Cloherty, a strategist at RBC Capital Markets. “We see it in the futures data and we see it in the cash market too.”...
...“Libor was biased to rise in the coming months even without Brexit,” said Michael Cloherty, head of US rates strategy at RBC Capital Markets....
...“These are not the volumes that you would normally get for moves this big,” Mr Cloherty said....
...“The elephant tried to squeeze through the keyhole,” says John Brady, managing director at RJ O’Brien, a futures broker in Chicago....
...Here’s how Merrill Lynch/Bank of America analysts Michael Cloherty and Joseph Shatz see the purchases going down: Sawtooth yield pattern....
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