Looks likely we have seen the peak in 10yr US Treasury yields for this month and most likely the quarter. South Korea surprised the market today with a 25bp cut in its base rate to 2.5%, it follows the earlier than expected cut by the Australian Central Bank earlier this week. Why would Asian/Pacific central […]
Chaotic Markets — FIU
Today was a day that the financial markets used to have back in 2008. It was a fairly quiet start to the European trading session which was dominated by a poor German 10yr Bund auction which saw German 10yr yields hit 1.675% at the end of the morning session. There had been some US Investment […]
Current market fundamentals — FIU
It is becoming difficult to trade on fundamentals at the moment. The markets are dominated by sentiment which in itself is being driven by political noise. Firstly, the US Treasury market back up in yields has not been driven by a rise in inflation expectations as would have been expected. In fact forward inflation expectations […]