Tag Archives: Fed

Fed Day With Extremely Loose Financial Conditions

Today is the day,  folks. The consensus is the Fed announces the start of quantitative tightening (QT).   History in the making. Draining Liquidity Though monetary tightening officially began in December 2015,  this will be the first time the Fed drains … Continue reading

Posted in ECB, Economics, Equities, Euro, Fed, Monetary Policy, Uncategorized | Tagged , , , , | 1 Comment

Fed Ownership of Yield Curve and Balance Sheet Reduction

Here you have it, folks, a one stop chart. The chart below shows the total outstandings of Treasury bonds and notes,  the Fed ownership of the total maturities and percentage of outstandings in each year of maturity (note, the data … Continue reading

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U.S. Banks Primed And Ready To Roll – Expect the Unexpected

We’ve been busy crunching numbers on the consolidated balance sheet of U.S.-chartered depository institutions and comparing their mix of assets relative to their pre-crisis levels. The large U.S. banks begin reporting earnings on Friday. The Coming Credit Led Expansion Our … Continue reading

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Fighting the Fed – FT

John Authers looks at the consequences as the worst start to a year in stock market history continues apace For more video content from the Financial Times, visit http://www.FT.com/video (click here if video is not observable)

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Fed caught in a bind – FT

Bond market veteran Dan Fuss from Loomis Sayles discusses whether traders are prepared for an interest rate increase and the outlook for further rises in 2016. For more video content from the Financial Times, visit http://www.FT.com/video

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The ascent of the hawks at the Fed? – FT

As the US labour market recovers, should investors brace themselves for an earlier rate rise? Gavyn Davies, chairman of Fulcrum Asset Management, explains to FT global economy news editor Ferdinando Giugliano why the Fed is unlikely to change its course … Continue reading

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Central Banks (and Stock Markets) Gone Wild

(click here if video is not observable)

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The Bernanke Stock Squeeze

So Bernanke says 2016 is when he thinks unemployment moves to the monetary policy target of 6.5 percent.   That’s a long time before the party in U.S. stocks will end.    Nutcracker short squeeze. The shakeout over the past … Continue reading

Posted in Equities | Tagged , , , | 4 Comments

VIX Has Largest Weekly Down Move Since Inception

The CBOE has a nice piece out noting this week’s 39.1 percent collapse in the VIX was the largest weekly percent down move since the index was launched in January 1990.  The week also saw record volume days for the … Continue reading

Posted in Global Stock Performance, Monetary Policy, Sovereign Debt | Tagged , , , | 4 Comments

Ballooning of Central Bank Balance Sheets

Interesting data and charts from the IMF on the ballooning of central bank balance sheets. Since August 2007, the Fed’s balance sheet has increased by 221 percent, mainly through the purchase of government bonds and mortgage backed securities, with the … Continue reading

Posted in Monetary Policy | Tagged , , , | 2 Comments