Bank of America/Merrill Lynch Macro Relative Value Trade Memo

Bank of America/Merrill Lynch Macro Relative Value Trade Memo The document is an internal trading strategy note discussing currency and bond positions. It contains no actionable leads, names of influential public officials, or evidence of misconduct. Its content is limited to market analysis and does not implicate any high‑profile actors or reveal novel controversies. Key insights: Discusses long EUR/JPY and long RUB/KRW positions based on macro expectations.; Recommends selling German 2‑year vs OIS and buying 10‑year vs OIS.; Mentions central bank policy outlook for the ECB and BOJ.