June monthly reports published
It took until the last week of June until the interest rate market lost it’s momentum. When ECB and BoE from an ECB Forum in Portugal signaled that the ultra light monetary policy soon will be reversed, and the FED confirmed that their gradual increases will continue, the markets finally sold off. Higher interest rates and wider credit spreads helped turn the p&l around for both Excalibur and Trude and the funds finally returned +0,31% and +0,06% respectively for the month.
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