Opinion – Monday 19 May 2014

Restrained price action across asset classes on Friday meant that there was no follow-through from Thursday’s sharp equity market slide and drop in 10-Year Treasury Yields to below 2.5%.The US Indices closed up an average of 0.4% whilst the VIX dropped by 0.73...

Opinion – Friday 16 May 2014

Yesterday we had some good data, some bad data, some encouraging news and some uncomfortable news but at the end of the day markets reverted to the default position of risk off! Equities ended the day lower by around 1% across the US and Europe whilst US 10 Year Bond...

Opinion – Thursday 15 May 2014

It is really something when the US Bond market reacts more to the UK ‘s Inflation Report and ECB chatter rather than its own inflation indicator but that is the nature of markets at present. Yesterday, US 10 Year Yields slipped 7 basis points to 2.52% after the...

Opinion – Wednesday 14 May 2014

The big news story yesterday came just after I posted my update, when the news agency Dow Jones reported that unnamed Bundesbank Officials were amenable to both cutting interest rates, including taking the ECB’s Deposit Rate into negative territory, and...

Opinion – Tuesday 13 May 2014

Yesterday was a day of very little news and yet the S&P and the DOW both made new all time closing highs, as the NASDAQ led the markets higher by closing up an impressive 1.8%. The US Bond Yields were also higher with the 10-Year Bond rising 3 basis points to...

Opinion – Monday 12 May 2014

The US Dollar continued to strengthen on Friday after Dragi’s press conference last Thursday where he promised to take action to weaken the Euro and inflate the Euro-Zone. The US Equity markets had another wild trading session having been again down early in the...