All insights
Volatile week possible after inconclusive US labour market data
We struggle to recall a more eagerly awaited US labour market report than that published last week. Stakes were high given the previous report showed a steep rise in unemployment and caused market mayhem in early August, but anyone hoping for a conclusive picture was left disappointed as a mixed set of figures left the strength of the US economy open to interpretation.
Investors and issuers vote with their feet in bond supply deluge
Any market participants hoping for a quiet few days to ease back into “work mode” after the summer break have had to rapidly adjust their expectations.
German elections offer fresh warning to politicians
Given almost half of the world’s population resides in a country staging an election this year, 2024 was always likely to throw up a series of political headlines.
Can we complain about ABS supply?
The start of the school year ordinarily also marks the end of summer for the primary bond markets as issuance restarts, though this year feels rather different.
Powell’s Masterplan allows for earlier intervention
In his headlining speech at the Jackson Hole Economic Symposium, Federal Reserve (Fed) chair Jerome Powell’s message to the market was clear.
Fixed income in strong position with Fed cut a done deal
It feels as though market news hasn’t taken a holiday so far this summer. From the US on Wednesday we got the minutes of the Federal Reserve’s (Fed) July 30-31 policy meeting, and revisions to a whole year of non-farm payrolls (NFP) data from the Bureau of Labour Statistics (BLS).