Friday, 19 March, 2021
(DJ) Jerome Powell on the Pandemic Year: Tools to Avoid a Meltdown and Save Livelihoods ——————————————————————————-This message may contain confidential or privileged information. If you are notthe intended recipient, please advise us immediately and delete this message.The unauthorised use, disclosure, distribution and/or copying of this e-mail orany information it contains is prohibited.This information is not, and should not be construed as, a recommendation,solicitation or offer to buy or sell any securities or related financialproducts. This information does not constitute investment advice, does notconstitute a personal recommendation and has been prepared without regard tothe individual financial circumstances, needs or objectives of persons whoreceive it. Jerome Powell on the Pandemic Year: Tools to Avoid a Meltdown and Save Livelihoods2021-03-19 14:01:04.13 GMT By Jerome Powell (Dow Jones) — In late February 2020, I attended an overseas meeting of theG-20 nations' finance ministers and central bank governors. At the time, theU.S. was enjoying its longest economic expansion on record, and though my Fedcolleagues and I had […] Read More
Friday, 19 March, 2021
(BFW) LCH Proposes Exact Dates for ‘Big Bang’ Libor Transition ——————————————————————————-This message may contain confidential or privileged information. If you are notthe intended recipient, please advise us immediately and delete this message.The unauthorised use, disclosure, distribution and/or copying of this e-mail orany information it contains is prohibited.This information is not, and should not be construed as, a recommendation,solicitation or offer to buy or sell any securities or related financialproducts. This information does not constitute investment advice, does notconstitute a personal recommendation and has been prepared without regard tothe individual financial circumstances, needs or objectives of persons whoreceive it. LCH Proposes Exact Dates for ‘Big Bang’ Libor Transition2021-03-19 08:19:58.932 GMT By William Shaw (Bloomberg) — Clearing house LCH has proposed exact datesfor when it may carry out a synchronized exit from most Liborrates for interest-rate derivatives.* For Swiss franc, euro and Japanese yen Libor, conversion shallapply to SwapClear contracts outstanding at close of business onDec. 3, and will be conducted that weekend, LCH […] Read More
Friday, 19 March, 2021
Good Morning, See full analysis below. But, here’s a summary: 1:20 – No Bet One of the leading trio at the head of the market will probably win, with the Jolly Zanahiyr being my prefered choice. 1:55 – YOU RAISED ME UP (5/10 E/W)16/1 he is 13/2 best now & BELFAST BANTER (2/10 E/W) 33/1+ Verdict and Selections – YOU RAISED ME UP main play and at much bigger odds BELFAST BANTER is worth […] Read More
Thursday, 18 March, 2021
Recap: 1:20 – Verdict – I hope Envoi Allen maintains his sequence. No Bet. 1:55 – CHAMPAGNE PLATINUM (4/10 E/W) 15/2 & REDFORD ROAD (2/10 E/W) 33-40/1 -Verdict and Selections – A very open contest, my two against the field are CHAMPAGNE PLATINUM and REDFORD ROAD. 2:30 – MISTER FISHER (4/10 E/W) 8/1 -Verdict – A very tricky contest to be honest, but I like the UK duo above the rest and MISTER FISHER […] Read More
Thursday, 18 March, 2021
Thursday, March 18th: Policy Decision & Minutes release: 12:00 GMT Current Policy: Bank Rate: 0.10%; Asset Purchase Program: £875bn; Corp Bond Purchases: up to £20bn In Brief: • Analysts expect a unanimous vote to leave the Bank Rate unchanged at 0.10% • Analysts expect no change in QE program envelope • Most expect no change expected in QE purchase pace but there is uncertainty here o A couple forecast or see risks that QE pace […] Read More
Wednesday, 17 March, 2021
YIELD MOVE: aside from the Fed, the growing inflation expectations etc, the CTA returns vs US10yr correlation continues suggesting the quants are very much back in the speculative end of the Treasury markets. ——————————————————————————-This message may contain confidential or privileged information. If you are notthe intended recipient, please advise us immediately and delete this message.The unauthorised use, disclosure, distribution and/or copying of this e-mail orany information it contains is prohibited.This information is not, and should not be construed as, a recommendation,solicitation or offer to buy or sell any securities or related financialproducts. This information does not constitute investment advice, does notconstitute a personal recommendation and has been prepared without regard tothe individual financial circumstances, needs or objectives of persons whoreceive it. Read More
Wednesday, 17 March, 2021
BoA (Cabana, Meyer): FOMC meeting – the Fed will reflect (1) improved SEP forecasts (2) more upbeat but still patient stance of policy. On net, we expect Fed communications to give a green light to higher rates & belly underperformance. Market focus will be on: SEP & dots, Powell tone, balance sheet, & administered rates: SEP & dots: revised forecasts will tell a more positive story. Fed median real GDP growth estimate in ’21 […] Read More
Wednesday, 17 March, 2021
Good Morning, See full details below….. But here is a selection recap…… (My ratings are 1-10 so 2/10 is 1ptEW) 1:20 – I think Bravemansgame has a very big shout, but I am very much afraid of Bob Olinger. At the moment, No Bet, but I am getting tempted, I must admit. 1:55 – Just sit back and watch. Hopefully we will see yet another Mulliins star in Monkfish, operating to the best of […] Read More
Monday, 15 March, 2021
NATWEST CTA positioning monitor * CTAs have started to buy the US Dollar. Both model signal and positioning are turning up from record low levels * JPY FX signal continues to drift lower, is outright bearish now. Specs have broadly been selling this year, net positioning close to neutral now, but lag bearish price momentum * Positioning lags max bullish model signals for AUD, CAD and NZD FX by large gap. More for AUD and […] Read More
Tuesday, 16 March, 2021
Philip Lane: ‘We have a unique initiative in Europe now — it is really quite something’ *ECB STILL HAS ROOM TO CUT THE DEPOSIT RATE, LANE TELLS FT *ECB TO MAKE SURE YIELDS REMAIN IN STEP WITH ECONOMY: LANE IN FT https://www.ft.com/content/2aa6750d-48b7-441e-9e84-7cb6467c5366 The ECB’s chief economist says the EU recovery fund has revised beliefs about the durability and resilience of the euro area Europe has borne the brunt of the economic fallout […] Read More
