| Date | Ticker | Direction | Thesis | Source |
|---|---|---|---|---|
| Feb 17, 2026 | LONG | JGBs rallied on a successful auction. The market is resetting expectations regarding Japan's fiscal policy and rate path. The "spending spree" fears regarding the new administration are fading, making JGBs tactically attractive again. LONG JGBs (Tactical). Inflation in Japan re-accelerates, forcing the BoJ to hike faster than priced. |