All insights
A big week for US treasuries as the Fed holds rates steady
George Curtis breaks down the latest developments following this week’s Quarterly Refunding Announcement and the Treasury Borrowing Advisory Committee update.
Why staying in cash could cost you 10% to 30%
While bonds are once again finding their feet, investors have found themselves sitting on cash balances of 30% to 50%. This capital preservation trade has made perfect sense, but does it still make sense as we reach terminal rates?
Fundamentals show European banks well set up as bonds are still cheap
Whilst bank debt has recovered from the contagion of the US regional banking crisis and the Credit Suisse write down event earlier this year, many bonds are still trading wider than they were at the beginning of the year.
The ECB hiking cycle is likely to be over
Yesterday, market participants received two important reports about the state of the economy in the Eurozone. Firstly, the October Markit PMI – Purchasing Managers’ Index - reports showed a continued deterioration in growth in the manufacturing as well as the services sector.
Hitting the wall: What next for high yield default rates?
Thomas Barkin, President of the Richmond Fed, called any (potential) upcoming recession "the most predicted recession ever".
Today’s labour market numbers are good news for the Bank of England
This morning the ONS published its monthly update on the UK labour market. Of all the G7 countries, the UK has had the most puzzling labour market dynamics post pandemic, as we discussed in a previous blog.