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Mar 17, 20232 min read
Bond Market Insights - Friday, 17 Mar 2023
US treasuries bear flattened as equities rallied amid action taken to stabilize ailing banks. 2yr yields jumped to 4.20 vs overnight lows...
28
Mar 16, 20232 min read
Bond Market Insights - Thurs, 16 Mar 2023
The March FOMC meeting is now priced between a pause and a 25bp hike, but looking further forward markets are now pricing in sharp cuts,...
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Mar 15, 20234 min read
The Humble Canary
The humble canary was used in UK mines until 1986, a simple effective indicator of a dangerous situation. We don't have to highlight what ha
159
Mar 15, 20232 min read
Bond Market Insights - Wed, Mar 15 2023
The US February CPI data came in a bit stronger than expectations, with headline and core rising by 0.4% and 0.5% respectively from...
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Mar 13, 20233 min read
SVB & Misunderstanding "Depositors"
At the crux of the discussion surrounding the best possible outcome for SVB depositors is the ongoing interpretation of the anticipated acti
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Mar 1, 20232 min read
Bond Market Insights - Wed, 01 Mar 2023
In the U.S. Consumer Confidence retreated yesterday as house price inflation was seen cooling. There was an unexpected jump in inflation,...
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Feb 16, 20233 min read
Bond Market Insights - Thurs, 16 Feb 2023
US retail sales. Headline up 3% mom in January, consensus at 2%mom, core up 2.6%mom, consensus at +0.9%mom, and with upward revisions to...
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Feb 15, 20233 min read
Bond Market Insights - Wed, 15 Feb 2023
Indonesia and Philippine sovereign bonds performed well yesterday, spreads tightening by up to 6bps to UST’s, Quasi sovereigns performed...
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Feb 13, 20232 min read
Bond Market Insights - Mon, 13 Feb 2023
Asia IG was mostly about Korea new issues on Friday, China IG was subdued with real money side-lined ahead. China HY continued to slide...
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Feb 10, 20231 min read
Bond Market Insights - Fri, 10 Feb 2023
US Jobless claims were up. Initial claims up 13k to 196k and continuing claims up 33k to 1688k, both higher than expected, although...
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Feb 9, 20232 min read
Bond Market Insights - Thurs, 09 Feb 2023
Asia credit has been under scrutiny for a while now. 2022 was the year of China Property, 2023 the attention has switched to India,...
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Feb 8, 20232 min read
Bond Market Insights - Wed, 08 Feb 2023
Fed's Powell's message was Hawkish: The disinflationary process has begun but, to quote, it has a "long way to go"; the "process will be...
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