Showing posts with label Government bonds. Show all posts
Showing posts with label Government bonds. Show all posts
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, 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...
Tuesday, July 16, 2019

16/7/19: Corporate Yields are Heading South in the Euro Land

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Some of the euro area's junk-rated corporate debt is now trading at negative yields, and over 15% of near-junk debt is also charging t...
Wednesday, June 12, 2019

12/6/19: All's Well in the Euro Paradise

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All is well in the Euro [economy] Paradise... Via @FT, Germany's latest 10 year bunds auction got off a great start as "the ...
Monday, April 22, 2019

22/4/19: At the end of QE line... there is nothing but QE left...

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Monetary policy 'normalization' is over, folks. The idea that the Central Banks can end - cautiously or not - the spread of negati...
Sunday, September 9, 2018

9/9/18: IMF and Argentina: New Old Saga

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My Twitter comments on Argentina and IMF rescue package were picked up by the folks at ZeroHedge   https://www.zerohedge.com/news/2018-08-...
Monday, July 30, 2018

30/7/18: Annotated History of the U.S. Treasury Yield Curve

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Courtesy of the forgotten source (apologies) a neat summary chart plotting the timeline of the 10 year U.S. Treasury yield: For...
Friday, December 8, 2017

8/12/17: Happiness: Bounded and Unbounded

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Why I love Twitter? Because you can have, within minutes of each other, in your tweeter stream this... and this That's right...
Sunday, June 11, 2017

10/6/2017: And the Ship [of Monetary Excesses] Sails On...

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The happiness and the unbearable sunshine of Spring is basking the monetary dreamland of the advanced economies... Based on the latest dat...
Saturday, January 2, 2016

2/1/16: Bloomberg Guide to Markets: 2015 Summed Up

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In case you want a neat (although narrow) summary of 2015 in the markets, here's one via Bloomberg: For Equities: For Currencies...
Tuesday, December 29, 2015

29/12/15: There Are Two Ways 2016 Can Play Out for Euro Area Bonds

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With the pause in ECB QE over the holidays season, bond markets have been largely looking forward to 2016 and counting the blessings of th...
Monday, April 13, 2015

13/4/15: Bonds Traders: Give Us a Shake, Cause We So Sleepy...

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Recently, I have been highlighting some of the problems relating to the Central Bank's driving up the valuations of government bonds a...
Tuesday, December 30, 2014

30/12/2014: Who Owns Government Debt?

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An interesting chart via DB, mapping sovereign debt holdings across the advanced economies: As the chart clearly shows, Irish Governme...
Saturday, January 18, 2014

18/1/2014: Portugal 'doin Dublin' or going for broke?

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A very interesting interview with David Slanic, CEO of Tortus Capital Management LLC on Portugal's sovereign debt sustainability and t...
Sunday, July 14, 2013

14/7/2013: Banking Reforms : recent links

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Some recent articles on Banks Reforms in the global and EU context: "A viable alternative to Basel III prudential rules " by St...
Thursday, May 30, 2013

30/5/2013: Future Interest Rates & the 'Impossible Monetary Policy Dilemma'

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Recently, I wrote about the monetary policy exit dilemma ( here ) on foot of IMF research. This week, BIS published another paper on the is...
Thursday, May 16, 2013

16/5/2013: On That Impossible Monetary Policy Dilemma

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At last, the IMF has published something beefy on the extraordinary (or so-called 'unconventional') monetary policy instruments un...
1 comment:
Friday, May 3, 2013

3/5/2013: Basel 2.5 can lead to increased liquidity & contagion risks

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Banca d'Italia research paper No. 159, "Basel 2.5: potential benefits and unintended consequences" (April 2013) by Giovanni ...
Thursday, February 28, 2013

28/2/2013: Risk-free assets getting thin on the ground

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Neat summary of the problem with the 'risk-free' asset class via ECR: Excluding Germany and the US - both with Negative or St...
Friday, February 17, 2012

17/2/2012: ECB Swap Creates a New Structure of Seniority

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This week marked a significant point of change in the very fabric of the fixed income markets. On Friday, the ECB announced that it has com...
3 comments: