Opinion – Monday 15 January 2018

Friday was a case of another day, another US Dollar slide (plus new record closing highs for the Dow, the S&P500 and NASDAQ, but that almost goes without saying these days). The week’s glamour stat., US December CPI showed core inflation rising at a higher than...

Opinion – Friday 12 January 2018

We had quite significant market moves across most asset classes since I posted early yesterday morning, this time led by Euro strength after ECB minutes signal change in communication in coming months, while Brent Crude tops $70 for first time since Dec 2014. The...

Opinion – Thursday 11 January 2018

The sell-off in US Treasuries and steepening of the curve that has been the focus of markets this week initially extended further after I posted yesterday morning, but has since retraced. The US 10y yield reached a high of 2.595% before moving back to 2.55%. The...

Opinion – Wednesday 10 January 2018

10 year US Treasury yields have broken through the 2.50% mark for the first time since mid-March aided by yesterday’s  Bank of Japan’s decision to trim its longer dated JGB buying strategy while bond issuance and a jump in energy prices have also been factors at play....

Opinion – Tuesday 9 January 2018

The US Dollar is now up on the year thanks largely to Euro weakness, the latter despite strong and better than expected Euro-Zone Confidence readings. Bonds essentially flat, UST 10s holding just beneath 2.5%; fresh highs for S&P and NASDAQ (but not the Dow) in...

Opinion – Monday 8 January 2018

A mixed US labour report and a softish ISM Non-Manufacturing print had minimal impact on the US Dollar and US Treasury yields while global equities have continued on their merry way higher amid a supportive global economic backdrop. Strong Canadian Jobs were the big...