Category Archives: Week in Review

Week In Review – September 14

Summary Decent week for risk Nice action in Euro periphery and most EMs Tighter U.S. credit spreads Commentary:   Not much this week.  Markets reflecting strong U.S. economy.  It’s a mug’s game trying to predict short-term stock moves (frickin’ futile), especially … Continue reading

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Week In Review – September 7

Summary Turkish bonds led a late week EM recovery on spec of policy action, the almost 200 bps decline in 10-year yield is a record for a week.  Thin volume contributed to the ramp Italian yields down on hope of … Continue reading

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Month In Review – August 2018

Summary Turkey 10-year up almost 300 bps in August Brazil 10-year up 102 bps Italy 10-year up 52 bps U.S. & German 10-year 10 bps lower US credit spreads relatively stable in August Argentina peso crashes Turkish lira crashes South … Continue reading

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Week In Review – August 17

Summary Turkey continues to get crushed across the board with 10-year blowing out another 40 bps on the week to over 21 percent EM bond markets hammered U.S. credit continues to behave well Euro periphery spreads widening with Italy out … Continue reading

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Week In Review – August 3

Summary Turkey still getting hammered across the board, and now in a pissing match with the U.S. over the detention of Pastor Andrew Brunson The Italian Treasury was in supporting its bond market after a sharp sell-off over budget fears The dollar … Continue reading

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Week In Review – July 27

Summary U.S. 10-year yield wider on the week and pushed toward 3 percent. GDP data good but below whispers Turkey 10-year rates out 72 bps as concerns over lack of liquidity, indie monetary policy, and Trump threats Some decent tightening … Continue reading

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Week In Review – July 13

Summary Italy and euro periphery continue to stabilize Turkey 10-year rates still blowing out, up almost 600 bps YTD U.S. corporate credit spreads tighter on the week Argentina IMF program starting to take hold as currency 6 percent stronger in … Continue reading

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Week In Review – July 6

Summary Bounce week in the holiday-shortened sennight The trade war began but the sun came up and the world didn’t end, so they bought ‘em Defensive tone to trading, however. Telecom, utilities, and healthcare outperform Big rallies in Brazil and … Continue reading

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2018 – First Half Performance

 

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Week In Review – June 29

Summary Global equities finished the first half relatively weak. The S&P500 moved back and tested the bottom of the old trading range of 2700-2742.  We seriously doubt this range holds and expect lower prices unless POTUS gets religion on free … Continue reading

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