We noted last week that the U.S. yield curve was nearing inversion; well now we are at the tipping point, with the two-year and ten-year rates level. A yield curve inversion reflects risk-off sentiment with particular respect to fears of a recession. Investors tend to buy the long-term bonds with a view to locking in […]
A cautious start to the New Year 2022
Price performance since the start of this year has seen gold eke out small gains, while silver has come under some light pressure, although neither of them have moved by much. Gold’s interesting move last week came on the back of the Consumer Price Index release from the United States. The number was more or […]
Weekly markets round-up
Welcome to a very brief overview of the recent performance in the markets. The essentials are captured in the table below and each week we will show a chart of interest. Gold remained relatively resilient over the past week, reaching eight-week highs and testing $1,800/ounce, although there was one slip last Friday as the dollar […]
Yet again the Fixed Income markets have been driven around more by sentiment and fear than by facts — FIU
The press is dominated by the timing of any reduction or cessation in the Fed’s current policy of open ended Quantitative Easing. That means that when any FOMC member makes an appearance than the first reporter’s question seems to be always as to when the Fed will be “tapering” it’s current policy. It was only […]