Deutsche Bank Says Oil, Bond and Yen Trades May Be Due Break
- Bonds and yen shorts and long-oil trades look ‘stretched’
- Fundamentals still strong but positioning is at extremes
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The new year has barely started and it’s time for a breather, according to Deutsche Bank AG.
The lender says three popular “reflation trades” -- selling government bonds, buying oil and shorting the yen -- may have gone too far.