Citadel Trader: "Fed Wants To Avoid Pain AT ALL COSTS Ahead Of Elections; This Will Lead To Epic Fiscal Irresponsibility"

From Citadel interest rate swaps trader Olivier Pariente

Let's address the pressing issue of spreads right away given the number of questions I got this morning.

I had been in the camp of collapsing spreads most of last year targeting -45 ish in 10y (rough predictions I thought we would reach sometimes in Q1 this year).