Yearly Archives: 2017

Trafigura on oil outlook – FT

Posted on March 28, 2017 by macromon

The FT’s Neil Hume speaks to Jeremy Weir, chief executive of Trafigura – one of the world’s biggest oil traders – about the outlook for the market and the price of oil. ► Subscribe to the Financial Times on YouTube: … Continue reading →

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Yield Curve Flattens Back To Election Day Low

Posted on March 27, 2017 by macromon

The 10-year minus 2-year yield spread closed today at 1.12 basis points, back to the election day low.   All the steepening of the yield curve since the election day, widening out to 1.34 in December,  has vanished. We don’t think … Continue reading →

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A Country Off Sides Politically

Posted on March 27, 2017 by macromon

Is it just us or do you feel the same political angst that seems to be pervasive throughout the country that we do?   Things not only feel surreal but there seems to be a prevailing sense of eeriness haunting our … Continue reading →

Posted in Policy, Politics | Tagged , , | 1 Comment

French Oat-German Bund 10-year Spread

Posted on March 25, 2017 by macromon

The Oat-Bund spread came in 8 bps last week probably on the back of a new poll showing the centrist. Emmanuel Macron, gaining ground. Macron is opening it up in second round polling, 30 points ahead of Le Pen,  but … Continue reading →

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US Sector ETF Performance – March 24

Posted on March 25, 2017 by macromon
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Global Risk Monitor – March 24

Posted on March 25, 2017 by macromon

Click on table to enlarge and for better resolution

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A Few Thoughts On Why Health Care Went Down

Posted on March 25, 2017 by macromon

OK, comrades, let’s check our partisanship at the door and deal with some real analysis on the health care bill that just went down in flames. Here are a few of our thoughts on why the Trump/Ryan healthcare bill to … Continue reading →

Posted in Policy, Politics, Uncategorized | Tagged , | 16 Comments

Bad Santa, Bad Globalization

Posted on March 23, 2017 by macromon

Go no further than the following segment on Sunday’s 6o Minutes about imported labor to understand the creation of Trumpism and the mess we find ourselves in today.  UCSF, part of the University of California, the largest private employer in  … Continue reading →

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The Broken Bond Market

Posted on March 18, 2017 by macromon

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 →

Posted in Bonds, Monetary Policy, Sovereign Debt, Sovereign Risk | Tagged , , , , , | 58 Comments

French Oat-German Bund 10-year Spread

Posted on March 18, 2017 by macromon

But our sense is and what we are seeing in the European street is that these countries are repelled and more willing to run away from Trump rather than attracted to and running to him. –  Global Macro Monitor,  February … Continue reading →

Posted in Eurozone Sovereign Spreads, France, Politics | Tagged , , | Leave a comment