Tag Archives: Monetary Policy

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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The Broken Bond Market

The Fed tightens on Wednesday and bonds rally.  What the hay? GaveKal, Jeff Gundlach,  and Jim Bianco nailed it in that every spec and their mother are/were short 10-year Treasuries. Source: Quandl (see here for interactive chart) But this is … 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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How to Become a Trillionaire and Other Thoughts

Grab one of these: Careful what you wish for central bankers and fiscal policy makers.  Though we don’t see signs of “rollover risk” in any of the G5 or G20, it’s all about confidence and you know what Joe said about … Continue reading

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Looser policy but a stronger euro – FT

The European Central Bank has sent bond yields tumbling through its attempts to stimulate the eurozone economy. Dan McCrum explains why, compared with the US, policy is not as loose as it may seem, and how the euro could strengthen … Continue reading

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The constraints on cheap money – FT

John Authers explains a sharp sell-off in bank stocks and one-sided foreign exchange trading as the Japanese yen rises. 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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Money flows again to the US – FT

John Authers reports on how easier monetary policy from China helped drive a further rebound in world stock markets. The biggest beneficiary seems to be the US. For more video content from the Financial Times, visit http://www.FT.com/video (click here if … Continue reading

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China pumps up liquidity – FT

Worries over China’s economy pushed shares into bear territory last week, prompting more liquidity from the People’s Bank and fresh market volatility. Diana Choyleva, chief economist at Lombard Street Research, explains to the FT’s John Authers why China is taking … Continue reading

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Draghi confident on inflation and growth – FT

The European Central Bank’s president Mario Draghi announced the quantitative easing programme will start on Monday. The FT’s Ferdinando Giugliano and Ralph Atkins discuss what securities the ECB will be buying, and its growth and inflation outlook. For more video … Continue reading

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Money with no middleman – Economist

This animation explores bitcoin and its potential impact on the financial services industry. – Economist (click here if video is not observable)

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