ecb

26 February 2020

AFS Morning Comment February 26 2020

Is there anything the ECB can do to lift the Euro Area out of its low growth, low inflation and low interest rates doldrums? Theoretically: everything; but practically speaking: nothing. Regarding the former: the ECB…

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21 February 2020

AFS Morning Comment February 21 2020

The dollar and US Treasuries are king as Coronavirus worries are on the rise again. Overnight we had reports of a sharp increases in cases in South Korea; the virus overwhelming authorities in Iran and…

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AFS

19 February 2020

AFS Morning Comment February 19 2020

In overnight market action there was no change in the apparent disconnect between bonds and stocks. Bond yields remain near their recent lows, while equity market have either erased their virus-induced losses are have even…

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30 January 2020

AFS Morning Comment January 30 2020

Because of time constraints we have to skip the overnight market comment. We do want to point out that Coronavirus worries are on the rise, and that has resulted in lows for US Treasury yields…

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AFS

29 January 2020

AFS Morning Comment January 29 2020

Markets are behaving as if the worst of the virus outbreak (fears) are behind us, or that at least that no doom scenarios have to be priced in. • Treasury yields have erased yesterday’s declines,…

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