A crude oil processing plant in Saudi Arabia was attacked on Saturday disrupting global oil supply. U.S. President Trump publicly condemned the attack and responded that the U.S. is “locked and loaded” and ready to respond to the attacks. U.S. officials also claim the…
The news last week that the U.S. and China would resume in-person trade talks next month pushed both bond yields and global equity indices higher and trimmed expectations for additional interest rate cuts. We caution that investors take the media’s…
Welcome back from an eventful Summer that saw global central banks call a monetary policy “audible” by lowering interest rates amidst volatile swings in equity and bond prices. The yield spread between the 2-year and 10-year U.S. Treasuries inverted, presenting…
U.S. equity futures pointing to a higher opening and USD rates paring some of its losses sustained during Asia trading hours as the latest in the US-China trade war saga continues. The 2-year U.S. Treasury is trading 2.3bps lower to…
Global equities, crude oil, and U.S. rates opening higher across the curve this morning after positive reports that the U.S. is talking with China. The 10-year U.S. Treasury is currently trading +6.6bps to 1.609% and the 2-year/10-year spreads back into…
The tit-for-tat U.S.-China trade war is leaving investors sensitive to political and economic data. In pre-market trading, U.S. equity futures reversed gains as ongoing protests in Hong Kong begin visible impacts to corporates such as Cathay Pacific amongst other airlines.…
RISK-OFF – Rates and Equities are opening sharply lower this morning as the trade war between the two largest economies intensified. Last Thursday, President Donald Trump tweeted that a 10% tariff would be imposed on $300 billion worth of Chinese goods, effective…
It has been a while since an actual recession reverberated through the world’s leading economies. Perhaps that is any deceleration of their gross domestic products causes pearl-clutching on the fainting couches in the parlors of their monetary authorities. Witness the…
Despite lower taxes and higher share prices, U.S. corporate profits are showing signs of receding. No less august an observer as The Economist published an article with the provocative headline, “Profits are down in America Inc: Is it time to worry?” and dropping…
