August- could be described as a mad month so far. Price action in Core Government Bond markets this week has been very negative to say the least. The biggest moves have come in the US with Us Treasury 10yr yields rising 18bp from last Friday’s close and 30yr yields higher by 20bp. What has been […]
Nada, Zilch or maybe a Smidgeon
The FOMC press release announced that the Fed is not doing anything different for this month. The statement is pretty similar to that before and would be considered a disappointment to those that bought risk on the WSJ and NYT articles of last week. So no new asset purchases, no removal of Interest on Excess […]
Where are we going ? — FIU
So where are we and where are we going? Most of the focus remains on the Euro zone and the continual “kicking of the can down the road”. But yesterday also saw some realisation that the situation in the rest of the world is deteriorating as well. China’s Trade Data showed that the strength of […]
Fixed Income Markets — The Basics
Leaving aside for the moment the political sideshow of Europe, Fixed Income markets are undergoing a change in sentiment again. Falls in commodity markets are now feeding through into inflation expectations in the US. The recent declines in Oil and Metals in particular are signs of a slowing global economy and an exit from investors […]
Risk markets are betting all on Central Bank Liquidity Stimulus — FIU
The very weak US Employment data from Friday is being used as a reason to expect QE3 to be announced at the next FOMC meeting June 20th. Tonight’s Fed Beige Book will give us a better idea of the economic data that the Fed will be seeing, but yesterday two Fed governors , Bullard and […]