The seemingly inexorable decline in global bond yields continued over the last week. US yields are retesting the recent lows set back in July. In Germany,…
To repeat what I said last month: “Every month we say “the NFP this month is really crucial,” and usually it is. This month it is,…
The market’s attention is focused on the virus, as usual. Stocks plunged on Monday on fears that the new more virulent delta variant would force us…
Well, that little dose of panic was short. Last week’s flurry of concern over the worrisome delta variant of the COVID-19 virus didn’t last long. The…
There’s been a sudden change in the mood in the markets. Bond yields and inflation expectations have been declining for some time now, but the trend…
With apologies to Tom Cruise, who starred in the famous anti-Vietnam War movie of almost the same name. There’s little excitement next week. Monday is a…
This last week we got more data that shows how Japan is lagging the recovery in the rest of the world. The Tokyo consumer price index…
Wednesday’s meeting of the rate-setting Federal Open Market Committee (FOMC) was a game-changer for the foreign exchange markets. Having been one of the most relaxed of…
It shouldn’t have surprised me, but it did. In fact it amazed me. Thursday’s US consumer price index was expected to be up 4.7% yoy –…
Exciting week in store! The Bank of Canada meets on Wednesday and the European Central Bank (ECB) on Thursday. Also on Thursday, we get the US…
