September 2023 – Fed massive bond sales continue
SFRR MTD returns -2.54% (+10.61% YTD) SFPG MTD returns -1.76% (+14.59% YTD) SFQS MTD returns -3.79% (+21.65% YTD). In September, bond sales by the major central banks triggered large movements in asset prices. USD rose 2.5% against Euro, while the US 10-year bond fell -3.7%, the S&P 500 fell -4.87%…

