Opinion – Friday 17 October 2014

Equity markets ended the day slightly lower having rallied strongly from their morning carnage when they plunged on growing concern over the Euro-Zone’s economy. Although the Euro-Zone CPI was confirmed at 0.3% yoy as expected, fears of a deflationary spiral...

Opinion – Thursday 16 October 2014

On May 6 2010, the Dow Jones plunged about 1000 points, or 9%, in a matter of minutes in what became known as the ‘Flash Crash’, only to recover most of the losses by the end of the day. Yesterday US 10 Year Treasury Yields plummeted by 14% from a pre-US...

Opinion – Wednesday 15 October 2014

The last 24 hours have resulted in further concern for the global economy after poor data were released in Germany, Europe, the UK and the US. In Europe the German ZEW Survey fell from 25.4 to 3.2 in October and is now at its lowest level since June 2010. The...

Opinion – Tuesday 14 October 2014

The US Cash Bond markets may have been closed for the Columbus Day Holiday yesterday but the Futures market was trading resulting in a continuation of the ‘bull flattening’ theme of last week with implied yields on Treasury Bonds down by another 3bps. This...

Opinion – Monday 13 October 2014

Last Friday proved to be a low-beta repeat of Thursday with equities lower across the Globe and the US Dollar ending the day higher against every other G10 currency. Sentiment rather than news drove the moves but global growth concerns were taking most of the blame in...

Opinion – Friday 10 October 2014

This time yesterday US equity markets were soaring while the US bond market and the Dollar were sliding supposedly on the prospect of the Fed being lower for longer due to the potential drag on growth in large parts of the global economy. This morning equity markets...