Category Archives: German Bund

Alea Iacta Est!

Posted on October 3, 2018 by macromon

As Julius Caesar crossed the Rubicon River with the 13th legion into Italy to march on Rome, he turned to one of his deputies, quite possibly, Marc Antony, and made the famous remark, “alea iacta est.”  Historians translate this as “the die … Continue reading →

Posted in Bonds, German Bund, Interest Rates, Uncategorized | Tagged , , , | 19 Comments

The Bund With A Draghi Tattoo

Posted on June 12, 2018 by macromon

The consequences for global markets of an end to ECB QE will be much bigger than those associated with the end of the Fed’s QE –  Guillermo Tolosa, Oxford Economics Huge ECB meeting on Thursday.   Will Mario Draghi announce a path to normalize monetary … Continue reading →

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Draghi’s Monetary Policy Statement

Posted on April 26, 2018 by macromon

Apr.26 — European Central Bank President Mario Draghi speaks at a news conference in Frankfurt about the economy, monetary policy and inflation after the ECB maintained its pledge to move slowly in removing euro-area stimulus. (This is his opening statement.)  … Continue reading →

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Watch This Space…

Posted on January 28, 2018 by macromon

Because the eurozone is where the big bond bubble lives. Though the euro periphery is now in Convergence 2.0 mode on hopes of eMac’s vision of a more integrated ‘zone, the German 10-year is at a critical level, and yields … Continue reading →

Posted in Bonds, Equities, German Bund, Uncategorized | Tagged , , | 11 Comments

Party Like It’s 1999: U.S. – German 2-year Yield Divergence

Posted on November 20, 2017 by macromon

What does this mean for capital flows?  Euro should weaken, but it ain’t! ECB timid and waaaay behind the curve. The policy divergence between the U.S. & Germany is widening. The gap between U.S. & German 2-year yields is at … Continue reading →

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FOMC: A Big Double Cheese Non-Burger

Posted on September 20, 2017 by macromon

Monetary policy history made today. The  Federal Open Market Committee (FOMC)  confirmed it would begin its long-awaited quantitative tightening (QT). In October, the Committee will initiate the balance sheet normalization program described in the June 2017 Addendum to the Committee’s … Continue reading →

Posted in China, Euro, Eurozone Sovereign Spreads, Fed, German Bund, Monetary Policy, Sovereign Debt | Tagged , | 2 Comments

German bond yields at new low – FT

Posted on February 26, 2017 by macromon

The FT’s Jamie Chisholm highlights what to watch in markets on Friday, with German bond yields at a fresh low, the All-World index finishing the week at its best ever level and the price of gold at its highest since … Continue reading →

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Map of the Day: Export Markets

Posted on February 8, 2017 by macromon

Notice any trend or clusters?  Who gets hurt as global trade declines? Source:  Fascinating Maps

Posted in China, German Bund | Tagged , , | 2 Comments

French Oat-German Bund 10-year Spread

Posted on January 29, 2017 by macromon

The spread on the French 10-year and German 10-year widened almost 10 bps this week and is now approaching 2014 highs.  François Fillon prospects in the betting markets dropped like a stone in the past week over the scandal his … Continue reading →

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French Oat-German Bund 10-year Spread

Posted on January 22, 2017 by macromon

Stabilizing at around 50 bps. Who will be elected president of France in 2017? https://t.co/NZvm7HNJXe via @PredictIt_ — Gregor Samsa (@macromon) January 22, 2017

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