AFR: Higher rates crushing asset prices, again […] Read More
UST ROLL REPORT :: First Notice 31st August Barc and citi roll views attached below 30yr Ultra 9% complete -1-15 / -1-14.75 {wnwn Comdty gip10} 30yr 13% complete -05 / -04.75 {usus Comdty gip10} 10yr 6% complete -14/-13.75 {tyty Comdty gip10} been getting sold all through the london session 10yr ULTRA 3% complete -17.5/-17.25 {UXYUXY Comdty gip10} 5yr 8% complete -15.5/-15.25 {fvfv Comdty gip10} we have been buyers alongside others over last few days 2yr […] Read More
(BBO) Can Oxbridge Save Harvard From ChatGPT?: Adrian Wooldridge Read More
{US} are you ready for JH: A range of speakers tomorrow outside of the two big guns 2000 NY / 0100 UK US – Jackson Hole Agenda Released 1005 NY / 1505 UK US – Fed Speaker: Powell at Jackson Hole. Text yes 1100 NY / 1600 UK US – Fed Speaker: Harker with Bloomberg TV 1130 NY / 1630 UK US – Fed Speaker: Harker with Yahoo Finance Live 1130 NY / 1630 UK […] Read More
Why the Fed will again have to slash rates to zero and relaunch QE A very slow-burning fuse has finally, and suddenly, reached the powder keg AMBROSE EVANS-PRITCHARD 6 October 2023 • 6:00am https://www.telegraph.co.uk/business/2023/10/06/why-fed-will-again-slash-rates-zero-relaunch-qe/ The US economic expansion is being kept afloat only by extreme fiscal stimulus and war-time deficits, an astonishing state of affairs at the top of the cycle. The federal government is unable to fund this scale of borrowing from US domestic […] Read More
{gb} *BOE: HOUSE PRICES LIKELY TO FALL FURTHER IN MANY ECONOMIES *BOE: HIGH DEBT-SERVICING RATIOS RISING AMONG UK HOUSEHOLDS *BOE MAINTAINS COUNTERCYCLICAL CAPITAL BUFFER RATE AT 2% *BOE: CORPORATE SECTOR BROADLY RESILIENT TO HIGHER RATES *BOE: UK HOUSEHOLD FINANCES REMAIN UNDER PRESSURE *BOE PUBLISHES RECORD OF FPC MEETINGS ON SEPT. 26 AND OCT. 5 *BOE TO RUN DESK-BASED STRESS TEST EXERCISE IN 2024 *BOE: BANKS STRONG ENOUGH TO DELIVER SUPPORT IN WORSE SCENARIO *BOE: DESK-BASED […] Read More
No images? Click here AFR: One in five borrowers are screwed The Reserve Bank of Australia likes to spin that “most” borrowers are fine, but between 15 and 20 per cent are in trouble. Christopher Joye, portfolio manager, Coolabah Capital Investments Over at the AFR I write that the inflation data out of the US on Thursday offered a sobering reminder that we remain entrenched in the higher-rates-for-longer paradigm, with profound yet only […] Read More
Lower borrowing costs risk ‘flare-up’ of inflation, warns ECB policymaker Isabel Schnabel says ‘last mile remains a concern’ in battle to bring inflation down to 2% https://www.ft.com/content/bdf3bb86-8a80-4bd5-b562-0c3c47f85f50 Martin Arnold in Frankfurt AN HOUR AGO Lower borrowing costs could reinvigorate the eurozone’s stagnant economy and cause inflation to “flare up again”, a senior European Central Bank official has warned. Isabel Schnabel, the most hawkish member of the ECB’s six-person executive board, told the Financial Times that […] Read More
Tech supports are pretty decent and despite the widespread selling mkt remains long in our view – Even with the recent unwinding so a decent rally might be a bit require tomorrow CPI to show improvement more of a holding pattern till then at these lower levels and towards 111 TY and 134 RX TY a break of 16+ opens up the 109-31+ support level 16 is 4.20% yield so should be a decent nut […] Read More
FED SPEAK: Chicago’s Goolsbee out saying inflation last mile won’t be hardest and that current policy is “quite restrictive” Restrictive enough for generational low in (official) unemployment, loosest financial conditions index in around 12months, and GDP annualised 3.3%???? First Fed comment of the day trying to lean back dovish… Going into Q&A session. Read More
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