It’s clear that most central banks want to tighten policy nowadays. Not surprising, as inflation has proved less “transitory” than they expected a year ago. I’m…
We should’ve known something was up from the speeches made on Nov. 22nd when President Biden reappointed Fed Chair Powell and appointed Gov. Brainard as Vice…
This week isn’t much for economic indicators, but there are a lot of market-moving events. Politics will be at the fore, with the Canadian federal elections…
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…
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,…
Rates as of 05:00 GMT Market Recap Interesting move today when USD is on top and JPY and CHF are at the bottom. Is USD no…
Rates as of 05:00 GMT Market Recap Monday it was AUD, Tuesday it was NZD’s turn to dominate the market. The markets were already in the…
