9 April 2021

AFS Morning Comment April 9 2021

And that isn’t caused by another bout of ‘bad news is good news.’ Maybe it is geopolitics (US tensions with Russia over Ukraine or with China over pretty much everything), or corporate tax hikes, or…

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8 April 2021

AFS Morning Comment April 8 2021

This week we have the happy coincidence of the central bank chiefs of Belgium and the Netherlands giving detailed commentaries on ECB monetary policy. In the days of yore – under former President Draghi –…

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7 April 2021

AFS Morning Comment April 7 2021

Today’s Comment will be solely about the nuts and bolts of the Biden administration’s USD2 trillion investment plan. Specifically, the question we are asking is if the plan will give a meaningful boost to the…

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31 March 2021

AFS Morning Comment March 31 2021

Optical analysis of forward pricing suggests the steeping of the USD OIS forward curve since the November 2020 vaccine breakthrough isn’t without precedent, despite the Fed’s explicit promises that inertia will be even higher and…

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Beursplein 5 voor offices (1)

30 March 2021

AFS Morning Comment March 30 2021

Meanwhile in markets, bonds are having a quarter end sell-off after all while equities are melting up – angst of the weeks (the modern day Suez canal crisis and the hedge fund blow up) be…

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