Although equities sold off in the wake of US Fed Chairman Ben Bernanke’s comments to the International Monetary Conference in Atlanta, my colleagues and I see little evidence of any change to the Fed’s overall outlook. Bernanke reiterated the FOMC’s expectations that higher headline inflation would prove a transient phenomenon; that the labour market was… [Read more]
In line with the view that Business Monitor Online promoted on March 3, euribor futures have traded much lower on the back of European Central Bank (ECB) President Jean-Claude Trichet’s hawkish comments on monetary policy. Most notably, he said that a rate hike in April was possible. Indeed, the June 2012 contract broke key support… [Read more]
On May 6, a day when the Dow had at one point dropped by a record 1,000 points, when German 2-year bond yields dropped 10bps to a record low 0.46% and when the spread of the 10-year Greek over German bond yields spiked to a record high 850bps, the Governing Council of the European Central… [Read more]