Category Archives: Week in Review

Week In Review – November 16

Summary U.S. 10-year yield in on slowdown worries Probability of Fed move in December drops 10 points to around 65 percent Corporate credit spreads blew out big time.   Watch this space Equity markets are rudderless and feel like they want … Continue reading

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Exit Mr. Rocktober

Ugly month. The fourth worst October performance for the S&P500 since 1950.   Could have been much worse if not for the bulls skate save over the past two days. Rare that stocks down so much yet 10-year yield 8 bps … Continue reading

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Week In Review – October 19

Summary Spain sovereign spread starting to widen as small to medium Spanish banks hammered over mortgage tax Brazilian assets continue to perform as the election of Jair Bolsonaro is a done deal, slated for next weekend Mexican peso weaker.   Reports … Continue reading

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Week In Review – October 5

Summary Ugly week for Global Bonds.  Run to our Sept 23rd post, The Gathering Storm in the Treasury Market 2.0,  as to why we thought yields were about to spike.  Boy, did they Stocks followed bonds lower causing pain the … Continue reading

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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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