Citi macro strategy group on euro, yen, oil and US Treasuries. They note these are not house views, but their own 'crazy' risks
- EUR/USD at 1.40
- USD/JPY at 95
- Oil to $95/$100
- 10-year Treasury yields at above 4.5%
- and ... US High Yield credit to 650-700bp over USTs
(And, call me crazy too, but that's 5.)
The bank strategists say these are tail risk views. On the UST yield target, they say that could take some time (nominating as far out at 2025!)
What are your crazy risks?
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