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No ‘Dollar’ Resolution

By |2014-12-15T18:35:26-05:00December 15th, 2014|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

The growing sense of an economic cliff is based on three major factors, all of them in massive markets as opposed to manipulated and ill-suited statistics. The most obvious are oil prices and the UST curve (and related curve mechanics) as they have turned to prices and shapes not seen since the worst of the last crisis. The third, “dollar” [...]

Emerging Markets Re-emerge

By |2014-01-30T12:09:58-05:00January 30th, 2014|Currencies, Federal Reserve/Monetary Policy, Markets|

Earlier in January, despite the auspices of assurances from the Banco do Brasil, the Brazilian government auctioned its newest 10-year government bond (NTN-F) at a record high yield. Almost immediately there was an attempt to soften such a blow, as the Brazilian commentary network was filled with, “it wasn’t as bad as expected.” The “when issued” yield came out at [...]

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