Markets opened sharply down today, January 30, maybe a delayed January effect or maybe a shock of jitters. As we write it seemed poised to be the worst day since August. The talk of the move is that a sharp increase in bond yields in the US and Europe had shocked...
The theme of this year’s annual economic symposium in Jackson Hole is “Fostering a Dynamic Global Economy”. This seems like a particularly tall order as global protectionism has increasingly reared its head over the past year. On the other hand,...
Following a month in which Argentina saw its 100 year bond issuance 3x oversubscribed and a yield of close to 8%, it was notable that Asian bonds saw a waning of interest this month. July 25 saw a withdrawal of three deals due to a poor pricing environment and anemic...
It is true that things move quickly in Emerging Markets but the fact that Argentina pipped the US treasury to the post in issuing a 100 year bond this week is startling. A “century bond” was also issued by Mexico in 2010, and is extraordinary due to the...
It was a light night of comedy on twitter earlier this week, which briefly distracted from the uncertainty of the US position on the Paris Climate Accord, the fallout from the recent Presidential trip overseas and the likelihood of real legislative change making it to...
