Perhaps Venezuelan President Nicolas Maduro wanted to go down in history as having the WORST hyperinflation in history.
My Kuroda! (Bloomberg) — A dramatic day for Japan’s debt market
According to the National Association of Realtors, existing home sales for June declined for the third straight month.
The Federal Reserve has been slowly normalizing monetary policy, more at the short-end of the Treasury curve. And the US is trying to normalize trade tariffs as well. The result? CBOE Skew index (S&P 500 tail risk)* has risen to near all-time highs. While the equity market skew (or fear) index is near the all-time … Continue reading Fear! S&P 500 Tail Risk (SKEW) Near All-time High While 10-Y Zero Coupon Volatility Lowest Since 2008 →
Global Central Banks have so numbed Treasury markets it is as though Bernanke and Yellen gave a massive shot of Lidocaine to financial markets since 2008.
On the one hand, The Federal Reserve has been raising its target rate (upper bound) in recent years, from 25 basis points (Dec ’15) to 200 basis points today.
But if we subtract inflation (CPI YoY) from the target rate, we see that The Fed is st…
Russia has dumped most of its US Treasury holdings, back to the small holdings from 2007.
US housing starts in June crashed 12.3% MoM, the biggest June decline since 1959. And maybe before 1959.
The news is constantly abuzz with scary “Trade War!” headlines. But it reminds me of Wendy’s hamburger
One of the effects of The Federal Reserve’s zero interest policy (ZIRP) was the massive expansion of both consumer and corporate debt.