Showing posts with label Bonds. Show all posts
Showing posts with label Bonds. Show all posts
Thursday, August 20, 2020

20/8/20: All Markets are Now Monetized

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  While the economy burns, the stock markets are literally going bonkers. Here are the main implied volatility options: Which are symmetric,...
Tuesday, May 26, 2020

26/5/20: Franco-German Eurobonds: A First Step on the Road to Federalism

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My recent article on the Franco-German proposal for Euro bonds for The Currency :  https://www.thecurrency.news/articles/17392/france-and-g...
Tuesday, May 19, 2020

19/5/20: German Hawks vs ECB Doves?

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My article for The Currency  on the German Constitutional Court ruling regarding ECB's PSPP program:  https://www.thecurrency.news/art...
Wednesday, March 18, 2020

18/3/20: Banks, The Fed and Money Markets Woes

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My article for the International Banker  on pre-Covid monetary policy bottlenecks in the US markets is out and available here:  https://in...
Wednesday, October 16, 2019

16/10/2019:Corporate Bond Markets are Primed for a Blowout

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My this week's column for The Currency  is covering the build up of systemic risks in the global corporate bond markets:  https://www....
Wednesday, July 31, 2019

31/7/19: Canary in the Treasuries mine

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Judging by U.S. Treasuries, things are getting pretty ugly in the economy: The gap between long-dated bond yields and short-dated pap...
Wednesday, July 3, 2019

2/7/19: Inverted Yield Curve

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Inverting U.S. yield curve is one of the best early indicators of recessions. Or at least it used to be... before all the monetary policy ...
Wednesday, June 12, 2019

12/6/19: Credit Markets vs Banks Loans: Europe vs US

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Related to the earlier post on investment markets composition by intermediary (see:  https://trueeconomics.blogspot.com/2019/06/12619-inve...

12/6/19: Investment Intermediaries: Europe vs U.S.

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Investment markets intermediaries by type and origin (via @schuldensuehner): Caveat: In the case of Ireland and Switzerland, the data...
Tuesday, April 2, 2019

2/4/19: World Economic Conditions and Yield Signals

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Global divergence... ... until global convergence? More likely, the latter:  https://www.reuters.com/article/us-ecb-policy-rates...
Friday, February 22, 2019

22/2/19: Deutsche Bank's New Old Losses: When a Candy Bites Back

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Our good old friends at @DeutscheBankAG have been at it again... this time (h/t to @macromon) raking in $1.6 billion of freshly announced ...
Wednesday, February 20, 2019

20/2/19: Crack and Opioids of Corporate Finance

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More addictive than crack or opioids, corporate debt is the sand-castle town's equivalent of water: it holds the 'marvels of castl...
Monday, February 18, 2019

18/2/19: U.S. Treasuries: Not Finding Much Love in Foreign Lands

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In recent months, I have been warning about the cliff of new bonds issuance that is coming for the U.S. Treasuries in 2019, pressured by t...
Friday, February 15, 2019

15/2/19: Nothing to Worry About for those Fiscally Conservative Republicans

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H/T to @soberlook: U.S. Federal deficit was up $192 billion y/y in December 2018. Nothing to worry about, as fiscal prudence has been ...
Saturday, January 12, 2019

11/1/19: Herding: the steady state of the uncertain markets

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Markets are herds. Care to believe in behavioral economics or not, safety is in liquidity and in benchmarking. Both mean that once large i...
Saturday, December 22, 2018

22/12/18: Chile on course for a higher credit rating

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My recent comment on improving credit conditions in the case of Chile via Euromoney: https://www.euromoney.com/article/b1by3mb0pskp43/chil...
Wednesday, December 19, 2018

19/12/18: From Goldilocks to Humpty-Dumpty Markets

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As noted in the post above, I am covering the recent volatility and uncertainty in the financial markets for the Sunday Business Post  :  ...

19/12/18: Debt-Debt-Baby: BBB-rated & lower 'bump'

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Gradual deterioration in the quality of corporate debt traded in the markets has been quite spectacular over 2018: The above chart sho...
Friday, October 19, 2018

19/10/18: There's a Bubble for Everything

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Pimco's monthly update for October 2018 published earlier this week contains a handy table, showing the markets changes in key asset c...
Thursday, October 4, 2018

3/10/18: Dumping Ice bags into Overheating Reactor: Bonds & Stocks Bubbles

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Wading through the ever-excellent Yardeni Research notes of recent, I have stumbled on a handful of charts worth highlighting and a relate...