Many questions have been asked as to why there was such a dramatic move to higher US Treasury yields last week. And amid those questions there have been many statements as to how the bond market will perform for the next quarter. Firstly, as I pointed out last week, the “Big Compromise” does little to […]
Distortions are all over the markets again – shows so many in the market really lack the conviction of their statements — FIU
And the risk markets are always hoping for Central Banks to intervene and to bail them out. This continues to look like a pyramid scheme. The latest optimism comes today from a Chinese press report suggesting that the Chinese will cut the Reserve Requirement Ratio in the coming weeks, ahead of most analysts expectations. It […]
Well I have to admit I got that one wrong! — FIU
Well I have to admit I got that one wrong! Whilst I always knew that further QE would come, I didn’t think it was justified today. The Fed Chairman must be taking an even more negative view on the US economy that even me. The justification for additional monetary easing was never there from a […]