Tag Archives: TLT

Over the past few weeks, the markets have come to accept the likelihood of a December Fed hike. US interest rates have adjusted. The pricing of December Fed funds futures contract is consistent with around an 80% chance of a hike. The two-year yield is trading at the upper end of what is expected to be the Fed funds target range at the end of the year, after slipping below the current range a month ago. The Dollar Index...

Swiss Franc The Euro has risen by 0.10% to 1.1443 CHF. EUR/CHF and USD/CHF, October 04(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The US dollar has a softer tone today, and it was that way even for the European PMI. The greenback eased further after the upside momentum faded yesterday. The heavier tone in Asia seemed spurred by a hedge fund manager’s call that...

​ Swiss Franc The Euro has fallen by 0.30% to 1.1404 CHF EUR/CHF and USD/CHF, October 02(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The US dollar is broadly higher as the quarter-end positioning losses seen at the end of last week area reversed. Developments in the US are seen as dollar positive, while the Catalonia-Madrid conflict, and slightly softer EMU...

We agree with the consensus that the markets are in a transition phase. The consensus sees this transition phase as a new economic convergence. European and Japanese economic growth continues above trend. Large emerging markets, including BRICs, are also expanding. Central banks are gradually moving away from the extreme accommodation. We recognize the robust economic growth, but we do not see this economic convergence...

Swiss Franc The Euro has risen by 0.17% to 1.1449 CHF. EUR/CHF and USD/CHF, September 29(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Supported by a sharp rise in interest rates and ideas of tax reform, the US dollar is closing one of its best months of the year. The Dollar Index is snapping a six-month decline, and the euro’s monthly advance since February is ending....

Swiss Franc The Euro has risen by 0.34% to 1.1453 CHF. EUR/CHF and USD/CHF, September 28(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The US dollar is consolidating inside yesterday’s ranges against the euro and yen while extending its gains against sterling and the dollar-bloc currencies.  The sell-off in the US debt market continues to drag global yields higher.  The...

Swiss Franc The Euro has risen by 0.17% to 1.1441 CHF. EUR/CHF and USD/CHF, September 27(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The Federal Reserve may not be on a coordinated campaign to convince the markets of a pending rate hike as it did so effectively in late February and early March. But investors are getting the message. The Bloomberg calculation of the odds...

Swiss Franc The Euro has fallen by 0.01% to 1.1446 CHF. EUR/CHF and USD/CHF, September 26(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The US dollar is firmer against most major currencies today. The implications the Jamaica coalition in Germany is understood to be less likely to support a new vision for Europe in the aftermath of Brexit and the Great Financial Crisis....

Last week’s developments will continue to shape the investment climate in the week ahead, and at the same time, new inflation readings from the US, EMU, and Japan will add incrementally to investors’ information set. We do not expect the results of the German election to have much market impact. The most likely result is a strong signal of continuity with a return of the Grand Coalition. At the same time, French...

Swiss Franc The Euro has fallen by 0.01% to 1.1541 CHF. EUR/CHF and USD/CHF, September 20(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates After much anticipation, the FOMC decision day is here. Much of the focus is on the likely decision that the Fed will allow its balance sheet to shrink gradually. No other country who employed quantitative easing has is in a position to...