Global Macro Trade Ideas Radar: Our Most Compelling Trade Ideas

研报英文原文证据摘录

Global Macro Trade Ideas Radar: Our Most Compelling Trade Ideas

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16 Jun 2026 12:00:45 ET │ 17 pages

Global Macro Trade Ideas Radar

Our Most Compelling Trade Ideas

CITI'S TAKE

Luis E Costa, CFA AC

Our analysts sift through their trade idea portfolios to bring you their most +44-20-7986-9757

compelling tactical trade ideas – that are also liquid and leverageable – and luis.costa@citi.com

highlight them in this monthly report.

Adam Pickett AC

Stagflation Risks Rising in Australia — The RBA delivered a neutral to hawkish hold +44-20-7500-5777

adam.pickett@citi.comin its June Monetary Policy Board meeting, highlighting the upside risks to inflation

and that its decision does not rule out further tightening. Indeed, we continue to Jason Williams AC

expect the RBA to hike once again by 25bps in August. We receive AUD 1y2s5s10s as +1-212-723-1837

growth concerns will likely see the belly remain in vogue, while inflation risks will jason1.williams@citi.com

make it difficult to price rate cuts. AC Mike Chang

+1-212-816-8718

mike.chang@citi.com Figure 1. Summary of Trade Ideas (for full details, see inside of note)

Asset Analyst Trade Idea Inception Faraz Syed AC

Rates Faraz Receive AUD 1y2s5s10s at 9bps, target at -11bps and stop loss 8-Jun-26 +61-2-8225-4943

Syed at 16bps. (-0.5bp) faraz.syed@citi.com

Rates Mike Buy 300mm 3m 30s/2s ATMF CMS straddles and selling 2-Apr-26 With thanks to

Chang 600mm 3m 30s/2s +/-21.5bp OTM CMS curve cap/floor Susan Basas

strangles at net zero cost. Our target/stop are $645k and -

$300k respectively. (+$376k)

Rates Mike Enter SFRZ6 96.5 / 96.125 1x2 put spread and collect 2.5c in 13-Mar-26

Chang premium credit to hedge for 1 rate hike this year

(risk=$25k/bp). Target/stop: $625k/-$300k. (+$237k)