New ETF With $100 Million Feeds Craze for Steepening Curve
- Lyxor to start juiced-up products riding U.S. and German rates
- New passive order is boosting access to tactical macro trades
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The passive boom is weaponizing risky bets on the gap between short- and long-term interest rates as central banks kickstart a fresh era of stimulus.
Lyxor Asset Management, the third-largest issuer of exchange-traded funds in Europe, is launching an ETF on Thursday that gains when the two- to 10-year portion of the Treasury curve steepens.