Opinion – Friday 12 October 2018

US equities have another very volatile session, from square to deeper negative and partially back again. After getting hit hard into the New York close the Dow is trading 400 points higher this morning in the grey market. Meanwhile, Bond yields and currencies showing...

Opinion – Thursday 11 October 2018

The army of professionals paid to fit facts to figures are out in force this morning ‘’explaining’’ the now 3-4% one-day falls in all the major US stocks indices on a combination of the recent back-up in US Treasury yields and deepening trade-related worries....

Opinion – Wednesday 10 October 2018

Apart from equity markets, it has been a rather listless past 24 hours for trading, investors recalibrating into Thursday’s US CPI, the next big US data piece in this evolving ‘’high US growth/lack of inflation kick’’ picture for markets. The USD has been moving...

Opinion – Tuesday 9 October 2018

Ten-year U.S. Treasury yields hit a fresh seven-year high as they resumed trading after a holiday, posing a fresh test of investor appetites for riskier assets. Stocks in Asia were mixed, with China’s stock sell-off easing alongside a slump in Japanese shares.The...

Opinion – Monday 8 October 2018

Friday’s US Payrolls Report, did nothing to arrest the rise in Treasury yields and where 10s came within kissing distance of 3.25% for a 17bps rise on the week. Upward revisions to July and August payrolls of 87k more than offset the headline miss of 134k and the...

Opinion – Friday 5 October 2018

Fed Chair Jay Powell’s remarks late in the New York day on Wednesday suggesting that the Fed is still a long way from neutral, have continued to reverberate around global markets in the last 24 hours, compounding the earlier US data-inspired rise in bond yields. The...