Balyasny Asset Management Trading Bonds Before Jobs Report

Buying bonds ahead of U.S. payrolls is a trade that Balyasny Asset Management has been feasting on, according to a mid-December fund strategy document reviewed by ValueWalk. Balyasny notes Federal Reserve under pressure Colin Lancaster, the fund’s senior managing director, said the strong recent jobs report and higher retail sales may give the U.S. Federal reserve more pressure at today’s policy meeting. Previously the Fed has had the “luxury” of talking a strong game regarding policy reaction, but the economic numbers didn’t force them into action. This could be changing. ValueWalk sources have indicated that today’s U.S. Federal Reserve meeting…