Rates as of 05:00 GMT Market Recap Today I Learned: The Reserve Bank of New Zealand (RBNZ) does not think the same way as the Reserve…
Rates as of 05:00 GMT Market Recap The standout feature this morning is the plunge in NZD. This occurred because of one COVID-19 case “in the…
Rates as of 05:00 GMT Market Recap Normally I try to avoid discussing the previous day’s economic indicators, because that’s by definition yesterday’s news and I…
It was 50 years ago today that Nixon met at Camp David with Fed Chair Arthur Burns, incoming Treasury Secretary John Connally, and then Undersecretary for…
Rates as of 05:00 GMT Market Recap The second graph above tells the story nicely: by and large it was a reversal day in the FX…
Rates as of 05:00 GMT Market Recap The eagerly awaited US consumer price index (CPI) yesterday had a mixed result: the headline figure was exactly as…
Rates as of 05:00 GMT Market Recap I did point out in my Weekly Outlook that just because it’s August doesn’t mean volatility goes away. On…
Rates as of 05:00 GMT Market Recap Softening global growth expectations and rising virus cases turned into a bad day for commodities. China has instituted border…
Rates as of 05:00 GMT Market Recap US gained against all the majors as Friday’s better-than-expected US nonfarm payrolls boosted expectations of Fed tightening. The headline…
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,…
