Category Archives: Week in Review

Quarter In Review – March 28

Posted on March 31, 2019 by macromon

Summary Big bounce in all assets after the Q4/December downdraft Global bond yields way down on global deflation panic as $11 trillion in global bonds now have negative yields The Power of Zero (yields) has driven stocks up with China … Continue reading →

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Week In Review – March 22

Posted on March 24, 2019 by macromon

Summary Big move in 10-year yields fueled by dovish Fed and ugly German economic data German 10-year Bund yields crossed into negative territory Turkey and Brazil bond yields blow out on currency weakness and Brazil’s political risk we spoke about … Continue reading →

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Week In Review – March 15

Posted on March 17, 2019 by macromon

Summary Bond yields mostly lower on the week as global growth expectations ratchet downward and yield chasing back in vogue, led by Brazil Credit spreads tighter led by lower-tier credits Major Latin FX rebounds after a few weeks of weakness … Continue reading →

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Week In Review – March 8

Posted on March 10, 2019 by macromon

Summary Big rally in DM bond markets as ECB throws in the towel and sees gloom ahead and the very weak nonfarm payroll number on Friday U.S. credit gave some back last week Dixie ready to breakout EM FX hit … Continue reading →

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February In Review

Posted on February 28, 2019 by macromon

Summary EM x/ Turkey & India bond yields lower U.S. 10-year yield up 9 bps on the month U.S. 10 minus 2-year spread 5 bps steeper U.S. credit spreads in big Euro periphery x/ Italy tighter on the month EM … Continue reading →

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Week In Review – February 22

Posted on February 24, 2019 by macromon

Summary More of the same risk on.  No sellers China equities up big on stimulus and trade deal chatter Copper breaking out as economists go doom and gloom on the global economy (see charts) Commentary:   2800 on the S&P looms … Continue reading →

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Week In Review – February 15

Posted on February 17, 2019 by macromon

Summary More risk on. EM bond yields x/ Turkey & Indo and Euro spreads in on the week U.S. credit continues to rally The dollar a bit stronger, EM FX weaker Euro stocks on fire last week led by Italy, … Continue reading →

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Week In Review – February 8

Posted on February 10, 2019 by macromon

Summary The S&P kissed its 200-day then reversed bringing most risk markets down with it. Now, analysts are “retrofitting” their fundamental view to downside price action.   Nice skate save on Friday Go no further than local bond markets to confirm … Continue reading →

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January In Review

Posted on January 31, 2019 by macromon

The reverse image of December and 2018.   Genius markets, no?    

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Week In Review – January 25

Posted on January 27, 2019 by macromon

Summary Modest gains for most risk markets last week Big rallies in Turkey and Mexico bond markets. Mexico inflation comes in better than expected Some weakness in lower-end of U.S. credit.  See our post on the corporate bond market. Euro … Continue reading →

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