10Y US BOND RATES BEFORE AND AFTER US ELECTIONS SIGNAL: SELL US TREASURIES DUE TO THE RISK-ON ALERT kfominykh@tenviz.com www.tenviz.com + 1 646-286-8432 TENVIZ SCRUTINIZED MARKETS INTENTIONS, instead of forecasting political outcomes. Global Cross-Asset flows were indicating that markets were decisively turning Up - signaling the upcoming RiskOn rally. TenViz Tools signaled that safe assets, including defensive Equity Sectors (Staples, Healthcare) and US Treasuries should be sold/shorted. 1 MARKET EXPECTATIONS: Investors focused on news and the likely outcome: who would win and what she/he would do, once elected. Expectations were for Hillary to win, and markets were pricing that. RE-ENTER LONG DURATION TRADE: Dec 19th, 2016 TenViz Cross-Asset Monitors spotted that leading indicators for US Treasuries switched from being all out offensive to being defensive, signaling the end in the Post-Election selloff in Bonds, signaling the end of the All-out RiskOn rally. Starting Dec 19 defensive assets: Gold, Swiss Frank Before Dec 19, Risky assets: Yuan, Copper, UK Real Estate, China Equities, SmallCap Equities ALERT SENT TO CLIENTS NOV 7, 2016 CASE 1 STATUS QUO SELL OFF 1 2 3 LEADING INDICATORS FOR US BONDS 1 2 3 1 2 3 

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Case_studies_for_MACRO.pdf

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